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Understanding Differences in Growth Performance in Latin America and Developing Countries between the Asian and the Global Financial Crises

Authordc.contributor.authorÁlvarez Espinoza, Roberto 
Authordc.contributor.authorDe Gregorio, José 
Admission datedc.date.accessioned2017-04-10T14:25:25Z
Available datedc.date.available2017-04-10T14:25:25Z
Publication datedc.date.issued2014
Cita de ítemdc.identifier.citationIMF Economic Review Vol. 62, No. 3, pp. 600 - 633, Noviembre, 2014es_ES
Identifierdc.identifier.issn2041-4161
Identifierdc.identifier.urihttp://repositorio.uchile.cl/handle/2250/143519
Abstractdc.description.abstractLatin American performance during the global financial crisis was unprecedented. Many developing and emerging countries successfully weathered the worst crisis since the Great Depression. Was it good luck? Was it good policies? This paper compares growth during the Asian and global financial crises. It finds that a looser monetary policy played an important role in mitigating crisis. It also finds that higher private credit, more financial openness, less trade openness, and greater exchange rate intervention worsened economic performance. Better macroeconomic management was key to good economic performance, which is confirmed by our analysis of Latin American countries. Finally, there is also evidence for the sample of 31 emerging markets that high terms of trade had a positive impact on resiliencees_ES
Lenguagedc.language.isoenes_ES
Publisherdc.publisherInternational Monetary Fundes_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
Sourcedc.sourceIMF Economic Reviewes_ES
Títulodc.titleUnderstanding Differences in Growth Performance in Latin America and Developing Countries between the Asian and the Global Financial Criseses_ES
Document typedc.typeArtículo de revistaes_ES
Catalogueruchile.catalogadorrcaes_ES
Indexationuchile.indexArtículo de publicación SCOPUSes_ES


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile