The Aftermath of the Crisis: Policy Lessons and Challenges Ahead for Latin America and the Caribbean

CODE: B-642
AUTHOR(s): Izquierdo, Alejandro , Talvi, Ernesto
PUBLISHED: March 2010
RELATED TOPICS: Macroeconomics
DOWNLOAD FILE IN: English Spanish


In the aftermath of the direst global crisis in recent times, Latin America and the Caribbean has shown remarkable resilience. The aim of this report is threefold: first, to understand the sources of this resilience, identifying the role played by unprecedented international financial support on the one hand, and the strength of domestic macroeconomic fundamentals on the other; second, to highlight the policy lessons that emerge from this analysis both for the region and the international financial community; and finally, to identify critical macroeconomic policy challenges for the region.

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Wikipedia: International Lender of Last Resort
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