These notes examine the international crisis by analyzing it through Latin American lenses. The exercise consists in interpreting some key facts of the current global crisis in the light of what we know about volatility, crisis and stabilization policies in Latin America. The exercise has an...

The currency board (Convertibility) collapsed between December 2001 and January 2002, after almost 11 years in force. The trends leading to the meltdown continued in the following months, plunging half of the population into poverty and one third into extreme poverty. Only six months later, the...