United States interest rates, Latin American debt and financial contagion
Includes bibliography
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| Lenguaje: | English |
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2014
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| Acceso en línea: | http://hdl.handle.net/11362/10908 |
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oai-11362-109082020-03-04T19:57:23Z United States interest rates, Latin American debt and financial contagion Velloso, Helvia Bustillo, Inés CRISIS FINANCIERA DEUDA EXTERNA MERCADOS DE CAPITAL TASAS DE INTERES CAPITAL MARKETS EXTERNAL DEBT FINANCIAL CRISIS INTEREST RATES Includes bibliography This article analyses the way in which Latin American bond spreads were affected by the changes in United States interest rates in the second half of the 1990s. Empirical analysis shows that, contrary to theory, in this period the spreads of emerging market bonds and United States interest rates moved in opposite directions; that there was financial contagion; that contraction of liquidity and financial contagion can offset the effects of those interest rates on the spreads of emerging market bonds at times of economic and financial turbulence and thus become the most important factors in the evolution of those spreads; and that the increased financial integration associated with the current globalization process has heightened the vulnerability of the developing economies to external shocks. 2014-01-02T18:43:26Z 2014-01-02T18:43:26Z 2002-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10908 LC/G.2187-P en CEPAL Review CEPAL Review 78 application/pdf AMERICA LATINA LATIN AMERICA |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CRISIS FINANCIERA DEUDA EXTERNA MERCADOS DE CAPITAL TASAS DE INTERES CAPITAL MARKETS EXTERNAL DEBT FINANCIAL CRISIS INTEREST RATES |
| spellingShingle |
CRISIS FINANCIERA DEUDA EXTERNA MERCADOS DE CAPITAL TASAS DE INTERES CAPITAL MARKETS EXTERNAL DEBT FINANCIAL CRISIS INTEREST RATES Velloso, Helvia Bustillo, Inés United States interest rates, Latin American debt and financial contagion |
| description |
Includes bibliography |
| format |
Texto |
| author |
Velloso, Helvia Bustillo, Inés |
| author_facet |
Velloso, Helvia Bustillo, Inés |
| author_sort |
Velloso, Helvia |
| title |
United States interest rates, Latin American debt and financial contagion |
| title_short |
United States interest rates, Latin American debt and financial contagion |
| title_full |
United States interest rates, Latin American debt and financial contagion |
| title_fullStr |
United States interest rates, Latin American debt and financial contagion |
| title_full_unstemmed |
United States interest rates, Latin American debt and financial contagion |
| title_sort |
united states interest rates, latin american debt and financial contagion |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/10908 |
| work_keys_str_mv |
AT vellosohelvia unitedstatesinterestrateslatinamericandebtandfinancialcontagion AT bustilloines unitedstatesinterestrateslatinamericandebtandfinancialcontagion |
| _version_ |
1718440276235649024 |