Showing 1 - 10 of 16
the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …
Persistent link: https://www.econbiz.de/10012470949
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10012470968
Both Chile and Mexico experienced severe economic crises in the early 1980s, but Chile recovered much faster than did … of this difference between the two countries was the faster productivity growth in Chile, rather than higher investment … or employment. Our hypothesis is that this difference in productivity was driven by earlier policy reforms in Chile, the …
Persistent link: https://www.econbiz.de/10012469822
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10012470189
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations … for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a … two countries was the earlier policy reforms in Chile that generated faster productivity growth. The most crucial of these …
Persistent link: https://www.econbiz.de/10012470198
We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of the reforms have been initiated by powerholders, even though they have ended worse off relative to the status quo. The...
Persistent link: https://www.econbiz.de/10012472305
evidence for Chile and Mexico supports the main predictions of the model …
Persistent link: https://www.econbiz.de/10012472844
observers were shocked by this turn of events. Mexico had a remarkable historical precedent: merely a dozen years earlier Chile … suffered a prophetically similar crisis. Like Mexico during the 1980s, Chile during the 1970s undertook major structural … aimed at creating a modern financial sector. In Chile, as in Mexico more than a decade later, the use of a predetermined …
Persistent link: https://www.econbiz.de/10012473039
forward a notion of current account sustainability and compares the experience of three Latin American countries -- Chile …
Persistent link: https://www.econbiz.de/10012473042
In several countries temporary terms of trade improvements have led to a deterioration of the current account. Furthermore, many of these countries failed to attain greater post-boom growth rates. The point we make is that the structure of the fiscal process is critical in determining outcomes....
Persistent link: https://www.econbiz.de/10012474076