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 Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

A dozen articles by North and South American economists review the current thinking about the enormous debts of Latin American and Caribbean governments, emphasizing the shift of perspective from saving the international financial industry to saving Latin America, and from individual national situations to a regional perspective of the problem. Annotation copyright Book News, Inc. Portland, Or.

Product Description: This work provides a guide to money and finance. The second edition highlights the changes that have taken place in the period since 1988, including the banking crises of the early 1990s.

Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries.Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market instability. Since the countries that stumbled worst into capital flight before the debt crisis were later among the most aggressive neoliberal reformers, Mahon discusses the ways in which overseas capital served as a kind of pressure for free-market reform. Finally, the idea that internationally mobile capital now can operate as a kind of senate--an arm of the wealthy few, guarding the established order against the arbitrary, dangerous tendencies of the executive and popular chamber--is examined with relation to theories of dependency and the institutionalization of democracy.

'Within editor's insightful 'introduction and overview' (and follow-up conclusions), he and seven specialists analyze actions of five countries (Chile, Brazil, Peru, Bolivia, and Mexico), the Brady Plan for commercial bank relief, and government credit-worthiness. Commentaries and statistics are appended to each chapter. Highly useful set of studies'--Handbook of Latin American Studies, v. 57.http://www.loc.gov/hlas/

'Within editor's insightful 'introduction and overview' (and follow-up conclusions), he and seven specialists analyze actions of five countries (Chile, Brazil, Peru, Bolivia, and Mexico), the Brady Plan for commercial bank relief, and government credit-worthiness. Commentaries and statistics are appended to each chapter. Highly useful set of studies'--Handbook of Latin American Studies, v. 57.http://www.loc.gov/hlas/

Product Description: First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

Product Description: This text shows how Latin America and foreign banks, firms, and investors helped to reduce the crisis nature of the debt problem in Latin America. It explains how and why the firms reacted decisively to protect their capital.

Product Description: Third World debt remains a problem because of its massive size and the cost it continues to impose on Latin America's economic development. But other issues are emerging as as changes in the US and overseas open the way for closer global relations...read more

Product Description: Building on the positive features of the economic commission for Latin America and the Caribbean (CEPAL) "structuralist" approach to Latin America's severe economic problems, this book advances innovative strategies for improving long-term development prospects in the region...read more

Book by MacEwan, Arthur

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Product Description: This collection of articles from Challenge magazine and other sources surveys the key questions of monetary policy, financial instability the legacy of stagflation and international relations. An examination of how regulatory reform has combined with Reaganomics is also discussed...read more

Product Description: Inscribed and Signed on half-title by the author to Katharine Graham (1917-2001) - Publisher, and later, Chairman of the Board of the Washington Post Company.; Experience the pleasure of reading and appreciating this actual printed item...read more