Debt And Crisis In Latin America: The Supply Side Of The Story Robert Devlin

ISBN: 9780691077970

Published: February 21st 1990

Hardcover

344 pages


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Debt And Crisis In Latin America: The Supply Side Of The Story  by  Robert Devlin

Debt And Crisis In Latin America: The Supply Side Of The Story by Robert Devlin
February 21st 1990 | Hardcover | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 344 pages | ISBN: 9780691077970 | 9.44 Mb

Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the regions principal creditors--private banks--in the development of the crisis.

Robert Devlin rounds out the story of Latin Americas debt problem by demonstrating that the banks were an endogenous source of instability in the regions debt cycle, as they overexpanded on the upside and overcontracted on the downside.Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries economic policies and on shocks from the world economy.

Much less emphasis has been placed on the role of the regions principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin Americas debt problem by demonstrating that the banks were an endogenous source of instability in the regions debt cycle, as they overexpanded on the upside and overcontracted on the downside.



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