The labor studies literature has for many years accepted the labor hording theory. That theory derives from Journal of Financial Transformation seminal work by Oi (1962), Miller (1971), and Fair (1985). These studies argue that as a result of the absolute cost of hiring and training certain...

During world financial crises in 1994 and 1998, most Latin American countries suffered severe contagion. But from the crisis of 2001 onward the amounts of contagion those countries suffered was less. This paper is a preliminary discussion of how several Latin American countries protected...