How Latin America Weathered The Global Financial Crisis PDF (Adobe DRM) download by José|| De Gregorio

How Latin America Weathered The Global Financial Crisis

Peterson Institute for Intl. Economics
Publication date: October 2013
ISBN: 9780881326796
Digital Book format: PDF (Adobe DRM)

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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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