The great Latin America debt crisis: a decade of asymmetric adjustment

ABSTRACT Latin America has entered a new phase of abundance of capital inflows, bearing some resemblance to the episode of 70’s. In this paper a review is made of the origins of indebtment in the 70’s, of the emergence of the crisis in the early 80’s, and of the management by creditors and debtors during that decade. Some lessons are derived about the working of international financial markets and policy implications.

• Publication year

  1995

• Venue

  Brazilian Journal of Political Economy

• Publication date

  Unknown publication date

• Fields of study

  Economics, Political Science

• Identifiers
  DOI 10.1590/0101-31571995-0838
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• MANIAS, PANICS, AND CRASHES

  1996cited by this paper
• An Overview of Debt Moratoria in Latin America

  1993cited by this paper
• Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors

  1992cited by this paper
• Conversión de deuda externa y financiación del desarrollo en América Latina

  1990cited by this paper
• Latin American international loan defaults in the 1930s: lessons for the 1980s?

  1988cited by this paper
• Economic restructuring in Latin America in the face of the foreign debt and the external transfer problem

  1987cited by this paper
• Neoconservative Economics in the Southern Cone of Latin America, 1973-1983

  1986cited by this paper
• Debt and Crisis in Latin America: The Supply Side of the Story

  1986influential reference
• External debt: why don't our governments do the obvious?

  1985influential reference
• Relaciones financieras externas y su efecto en la economía latinoamericana

  1983influential reference
• External indebtedness of developing countries

  1976cited by this paper
• Latin America in the International Economy

  1973cited by this paper

• Fehlende produktive Beschäftigung

  2025cites this paper
• Can poor institutions explain Brazil’s economic stagnation? A brief review of policy choices and incentives

  2025cites this paper
• Are Latin American stock markets connected? Exploring spillovers and the impact of risk factors

  2025cites this paper
• Bangladesh’s Emergent External Borrowing Scenario

  2025cites this paper
• Identifying price bubbles in copper market: Evidence from a GSADF test approach

  2023cites this paper
• The Determinants of Tax Revenue in the Context of International Transactions in the Latin America and Caribbean (LAC) Regions 2002-2019

  2023cites this paper
• Die strukturelle Unterfinanzierung der Peripherie

  2023cites this paper
• Participatory Innovation Praxis: A trans-disciplinary method for conducting high-complexity social transformations

  2023cites this paper
• Informal creditors and sovereign debt restructuring

  2023cites this paper
• On the Benefits of Repaying, WP/21/233, September 2021

  2021cites this paper
• Market forecasting in China: An Artificial Neural Network approach to optimize the accuracy of sales forecasts in the Chinese automotive market

  2020cites this paper
• Latin American Immigration to Europe: The Case of London

  2020cites this paper
• Trade-led Growth: A Path to Sustainable Development in Sub-Saharan Africa

  2020cites this paper
• Global Banks and Latin American Dictators, 1974–1982

  2020cites this paper
• Finding fault lines in long chains of financial information

  2019cites this paper
• The Roadmap to the Final Basel III

  2018cites this paper
• Why Does Structuralism Return to the Forefront?

  2018cites this paper
• Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies

  2018cites this paper
• Energy and Population in Sub-Saharan Africa: Energy for Four Billion?

  2018cites this paper
• A Historical Analysis of the Nature, Causes and Impact of the Foreign Debt Crisis in Latin America, 1970- 1980

  2018cites this paper
• Is Bangladesh Rolling towards Debt Stress? An Exploration of Debt Sustainability in the Context of Recent External Financial Flows

  2018influential citation
• The political economy of Ecuador’s external debt default

  2017cites this paper
• Another ‘Lost Decade’? Crisis and Structural Adjustment in Europe and Latin America

  2017cites this paper
• Political Institutions and Economic Growth in South America

  2017cites this paper
• South-South Cooperation as an Alternative Development Strategy: Rethinking Development Cooperation through South-South Cooperation in Latin America and the Caribbean- Brazil and Haiti

  2017cites this paper
• Etapas históricas de la relación entre el Fondo Monetario Internacional y América Latina (1944-2015)

  2017cites this paper
• La "révolution silencieuse" de la Banque Mondiale et du FMI, et le « Buen Vivir » : essais critiques sur le développement

  2017cites this paper
• Remembering and Forgetting Salvador Allende: An Examination of Institutional Memories in Post-Authoritarian Chile

  2016cites this paper
• The balance of payments constrained growth model with sustainable debt accumulation, interest payments and the terms of trade: evidence from Sub-Saharan Africa

  2016influential citation
• Effects of economic crises on population health outcomes in Latin America, 1981–2010: an ecological study

  2016cites this paper
• Global Crisis, Regulatory Reform and International Policy Coordination

  2016cites this paper
• The mexican debt crisis of 1982 Redux: domestic banks, international interbank markets and debt renegotiation

  2016cites this paper
• What Kinds of Challenges Does a Debtors' Cartel Face?

  2015influential citation
• Paradigmatic Shifts in Policies, Evolution of the Political Economy, and the Lost Decade in Growth Performance

  2015cites this paper
• América Latina vs. Zona do euro : diferenças e semelhanças entre a crise de 1982 e a crise do euro atual

  2015cites this paper
• The Mexican debt crisis redux: international interbank markets and financial crisis, 1977–1982

  2015cites this paper
• El punto de inflexión en la crisis de la deuda: Brasil, el Tesoro estadounidense y el Banco Mundial

  2014cites this paper
• From Trade-Off to Win-Win! Prudent Policy or Coincidental Conditions for Latin American economies

  2014cites this paper
• An Analysis of Yusuf (AS)'s Counter-Cyclical Principle and its Implementation in the Modern World

  2014cites this paper
• Loanable Funds vs. Endogenous Money: Krugman is Wrong, Keen is Right

  2014cites this paper
• Previous financial crises leading to stagnation – selected case studies

  2014cites this paper
• Restarting Growth in Europe

  2014cites this paper
• Index of Macroeconomic Performance for a Subset of Countries: A Kaldorian Analysis from the Magic Square Approach Focusing on Brazilian Economy in the Period 1997-2012

  2014cites this paper
• Heading into Trouble: A Comparison of the Latin American Crises and the Euro Area's Current Crisis

  2014cites this paper
• The Greek Economic Structure in the 2000's: A Road to Crisis?

  2014cites this paper
• Recasting the Power Politics of Debt: structural power, hegemonic stabilisers and change

  2013cites this paper
• Neo-Liberalism, the Islamic Revival, and Urban Development in Post-War, Post-Socialist Sarajevo

  2012cites this paper
• Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop

  2012cites this paper
• What Can the Developed World Learn from the Latin American Debt and Mexican Peso Crisis?

  2012cites this paper
• What Can the Developed World Learn from the Latin American Debt and Mexican Peso Crisis?

  2012cites this paper
• Beyond Macroeconomic Policy Coordination Discussions in the G-20 7 Argentina ’ s 2001 economic and Financial Crisis : Lessons for europe

  2011cites this paper
• Austerity Measures without Growth ? Greece , Ireland and Latin America

  2011cites this paper
• Los estudios sobre la pobreza en América Latina

  2009cites this paper
• Accounting for Growth in Latin America and the Caribbean: Improving Corporate Financial Reporting to Support Regional Economic Development

  2009cites this paper
• A turning point in the debt crisis: Brazil, the US Treasury and the World Bank

  1999cites this paper
• Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century

  1998cites this paper
• The policy implications of the Tequila effect

  1998cites this paper
• Chile in Transition: Economic and Political Strategies

  1996cites this paper
• SURGES IN CAPITAL FLOWS AND DEVELOPMENT: AN OVERVIEW OF POLICY ISSUES·

  1994cites this paper