The 1997-98 liquidity crisis: Asia versus Latin America

Four years after its outbreak, the Asian crisis continues to confound experts: a region whose countries had long been considered paragons of successful economic development is mired in financial collapse and deep recession. By contrast, Latin America -with the important exceptions of Brazil and Ecua...

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Detalles Bibliográficos
Autores principales: Chang, Roberto, Velasco, Andrés, 1960-
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3648
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Sumario:Four years after its outbreak, the Asian crisis continues to confound experts: a region whose countries had long been considered paragons of successful economic development is mired in financial collapse and deep recession. By contrast, Latin America -with the important exceptions of Brazil and Ecuador- managed to avoid crisis-like situation in 1997-99, in spite of that region's checkered financial past.