Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists...

This paper evaluates the repercussions of the Asian crisis for Latin America and discusses policy options available to some of the major countries in the region. The paper starts by reviewing the contributions of several theoretical models to our understanding of crises. Next, it discusses the...

Latin America's economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and...