Putting Latin American Debt to Work: A Positive Role for the US

The long anticipated collapse of the economies of Latin America is already underway. The facts: • In Argentina, the currency devalued over 1,000% in less than four months and was close to a free fall as the Central Bank has no resources to stabilize the market and riots wracked provincial cities. •...

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Bibliographic Details
Published in:Journal of inter-American studies and world affairs 1989-12, Vol.31 (4), p.1-21
Main Authors: Scheman, L. Ronald, Bailey, Norman A.
Format: Article
Language:English
Subjects:
Bank capital
Bank loans
Banking crises
Banks
Capital investments
Commercial banks
Countries
Economics
Financial investments
International economics
Online Access:Get full text
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Summary:The long anticipated collapse of the economies of Latin America is already underway. The facts: • In Argentina, the currency devalued over 1,000% in less than four months and was close to a free fall as the Central Bank has no resources to stabilize the market and riots wracked provincial cities. • Brazil approaches hyperinflation now running at close to 1,000% as the government has given up on trying to curb inflation through traditional means and resorted to extensive indexing to enable the people to cope.
ISSN:0022-1937
2162-2736
DOI:10.2307/165992