How Latin America Weathered The Global Financial Crisis

Released on by José De Gregorio
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  • How Latin America Weathered The Global Financial Crisis Book Detail

  • Author : José De Gregorio
  • Release Date : 2013-10-05
  • Publisher : Columbia University Press
  • Genre : Business & Economics
  • Pages : 205
  • ISBN 13 : 0881326798
  • File Size : 42,42 MB
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How Latin America Weathered The Global Financial Crisis by José De Gregorio PDF Summary

Book Description: Why has the economy of Latin America responded more positively than Asia, Europe or the United States after being hit by the recent global financial crisis? Three years after the worst of the crisis, Latin America's GDP is 25 percent higher than its precrisis level. José De Gregorio, Governor of the Central Bank of Chile from 2007 to 2011, tells the story of how Latin America has responded to the crisis with a perspective that only an insider can have. De Gregorio focuses on the seven largest economies of the region, Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela (90 percent of the region's output). He argues that Latin America was resilient because of good macroeconomic policies, strong financial systems, and "a bit of luck."

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