TITLE

Latin American Debt: I Don't Think We Are in Kansas Anymore

AUTHOR(S)
Diaz-Alejandro, Carlos F.
PUB. DATE
December 1984
SOURCE
Brookings Papers on Economic Activity;1984, Issue 2, p335
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents an analysis of the depression of the early 1980s in Latin America. It is argued that the depression could be managed into a recession if there had not been the breakdown of international financial markets and a change in the rules for international lending. Comparing the depression of the early 1980s with that of the 1930s, it is presented that the adjustment policies adopted by the government of Latin American countries in 1982 helped in controlling the deteriorating condition. These governments continued servicing of the public and private external debt.
ACCESSION #
20348951

 

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