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Debt and Crisis in Latin America: The Supply Side of the Story
Robert Devlin
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Description for Debt and Crisis in Latin America: The Supply Side of the Story
Paperback. Series: Princeton Legacy Library. Num Pages: 340 pages, 16 line illus. BIC Classification: 1KL; KCLF; KFFD. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 229 x 152 x 18. Weight in Grams: 457.
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 region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside. Originally published in 1990. The ... Read more
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 region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside. Originally published in 1990. The ... Read more
Product Details
Format
Paperback
Publication date
2014
Publisher
Princeton University Press United States
Number of pages
340
Condition
New
Series
Princeton Legacy Library
Number of Pages
340
Place of Publication
New Jersey, United States
ISBN
9780691605296
SKU
V9780691605296
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
Reviews for Debt and Crisis in Latin America: The Supply Side of the Story
One of Choice's Outstanding Academic Titles for 1991 "[This] substantial study argues that Latin America's debt crisis of the 1980s and the resulting regionwide recession are owed largely to the role of commercial banks, which overexpanded credit and then overcontracted when the region's liquidity problems became evident."
Abraham Lowenthal, Foreign Affairs "Offers an excellent analysis of the factors that contributed to ... Read more
Abraham Lowenthal, Foreign Affairs "Offers an excellent analysis of the factors that contributed to ... Read more