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Author
Fernández-Arias, Eduardo (1)Fostel, Ana (1)Graciela Laura, Kaminsky (1)Lombardo, Davide (1)
Subject
PRÉSTAMOS INTERNACIONALES (2)
CRISIS ECONÓMICA 1980 (1)LIQUIDEZ (ECONOMÍA) (1)MERCADO DE CAPITALES (1)MERCADO INTERNACIONAL (1)... View More
Date Issued
2008 (1)2002 (1)
Document Type
Artículo (2)
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Latin America's access to international capital markets: good behavior or global liquidity? 

Author
Fostel, Ana; Graciela Laura, Kaminsky
Date
Banco Central de Chile, 2008
Subject
MERCADO INTERNACIONAL; PRÉSTAMOS INTERNACIONALES; MERCADO DE CAPITALES; LIQUIDEZ (ECONOMÍA)
Latin America has had an active presence in international markets since independence in the early nineteenth century. Participation has been quite volatile, though. International borrowing financed the wars of independence in the early 1800s, but the boom that started in 1822 with a loan to Colombia ...
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Market discipline and exuberant foreign borrowing 

Author
Fernández-Arias, Eduardo; Lombardo, Davide
Date
Banco Central de Chile, 2002
Subject
CRISIS ECONÓMICA 1980; PRÉSTAMOS INTERNACIONALES
The debt crisis of the 1980s confirmed what most economists already knew well: the public sector cannot be trusted to make the rigth choices on behalf of society, especially in matters-such as foreign borrowing- whose ultimate costs may not be fully internalized by voters. The failure of the public ...
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