This paper analyzes the fiscal and monetary policy responses to crises in Latin America over the last 40 years. We argue that, on average, Latin American countries have "graduated" in terms of their policy responses in the sense that they have been able to switch from procyclical to...

Chapter 1. The Land They Found -- Chapter 2. Adapting to a New World -- Chapter 3. Colonial Latin America -- Chapter 4. The First Century of Independence -- Chapter 5. Industrialization -- Chapter 6. Alternatives -- Chapter 7. The Commodity Boom of the 1970s -- Chapter 8. The Lost Decade of the...

This textbook serves as an introduction to the major economic topics and events in Latin America's history, from the settling of the region by indigenous Americans and then Europeans, Africans and Asians, to the economic consequences of COVID-19. Each chapter concentrates on a particular period...

This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...

This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level...

This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...

Chapter 1: Introduction -- Part I: Global Economic Crisis -- Chapter 2: The Road from Prosperity into the Crisis: The Long Cycle of Post-War Economic, Social and Political Development -- Chapter 3: The Systemic Nature of the Global Crisis and Some Principles for Tackling it -- Part II: Regional...