Dealing%20with%20an%20International%20Credit%20Crunch%2E%20Policy%20Responses%20to%20Sudden%20Stops%20in%20Latin%20America

Books

Dealing with an International Credit Crunch. Policy Responses to Sudden Stops in Latin America


CODE: B-633
EDITOR(s): Cavallo, Eduardo A. , Izquierdo, Alejandro
PUBLISHED: February 2009
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English

Abstract:

As the world confronts an oppressive credit crunch, it is useful to review the policy responses of countries to the systemic sudden stops of the 1990s. Countries have experimented widely, providing a rich array of cases that offer useful policy lessons. This book documents success stories in Chile, Peru and Brazil, and outlines lessons learned from unsuccessful cases as well. It also takes a more systematic approach in analyzing the impact of policies for a wider range of emerging markets. Just like firemen practice for the next fire, countries can benefit from crisis "firedrills," standing ready with the best available tools at hand. Related articles in WIKIPEDIA: Domestic liability dollarization

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