Global Crisis x Latin America (Jara, Moreno and Tovar)

The global crisis and Latin America: financial impact and policy responses by Alejandro Jara, Ramon  Moreno and Camilo E. Tovar, published by BIS. “The financial impact of the global crisis on Latin America has in some respects been less severe than in previous crises. This reflects in part the development of domestic bond markets and improved net balance sheet positions of the economies, which for a period have allowed gross capital inflow reversals to be partially offset by reductions in gross capital outflows.”