The finances of hegemony in Latin America: debt negotiations and the role of the United States government, 1945-2005 (original) (raw)

Financial Issues in Latin America

Systemic financial problems, from hyperinflation to fiscal, banking and currency crises, have loomed large in the economic history of Latin America. Indeed, it seems that every year some Latin American country or other manages to get itself into serious financial trouble. What explains the prevalence of macroeconomic instability in Latin America? The course attempts to answer this question by analyzing both fundamental and precipitating causes of Latin America's recent financial crises, focusing on economic policy and institutional shortcomings (in the fiscal, monetary, banking and exchange-rate areas), as well as on other domestic and external forces that have combined to generate instability in the region's economies and financial markets. We then use specific case studies to go more in depth into particular situations encountered in recent years. By the end of the course, having read and discussed more than 20 articles and 3 books, students gain an in-depth understanding of the financial problems that are being overcome and those that are more structural in nature-and of the major policy implications that follow.

The external debt and the financial problems of Latin America

CEPAL Review

Bases for a Latin American response to the international economic crisis. Carlos Alzamora T. and Enrique V. Iglesias The world crisis and Latin America. Conclusions of the meeting of leading personalities convened by ECLA in Bogotá from 19 to 21 May 1983 47 The crisis of capitalism and international trade. RaúlPrebisch Latin America: crisis, cooperation and development.

A Historical Analysis of the Nature, Causes and Impact of the Foreign Debt Crisis in Latin America, 1970- 1980

Humanities and Social Sciences Letters, 2018

This study examined the nature, causes and impact of the huge foreign debt crisis in Latin America between the 1970s and 1980s referred to generally as the "lost decade'. As a survey research, it employed the historical method of research and analysis. It gathered its data extensively through library search and adopted the qualitative technique of content analysis of historical documents. The paper noted that the debt crisis in Latin America came to a head in August 1982 when Mexico publicly declared its insolvency. It identified a number of factors that brought about this endemic burden of foreign debt in Latin America. These included: the over-preponderancy of foreign loans granted to Latin American states, particularly Argentina, Brazil, Mexico and Venezuela, in the 1970s and the attendant inflation and increasing floating interest rates. These had combined to serve as great challenges to the economic development and survival of the Latin American countries during the period of study. The various attempts at debt rescheduling and cancellation between 1980 and 1989 were equally well documented. It concluded that Latin American countries should avoid excessive external debts to avoid disaggregation in their economic development in the nearest future. Contribution/Originality: This study contributes to the existing literature on development crisis in Third World countries. The paper"s primary contribution is finding that excessive external debt is a major impediment to socioeconomic growth and development in Latin American states.

The Debt Crisis in Latin America: An Example of Unsustainable Development

Canadian Woman Studies, 1993

Dam cet article, l'auteure dkmontre le terribleimpact que la dette internationale a eu sur l'tconomie et les structures sociales de I'Amtrique latine. Elle explique comment des agences internationales comme le FMI et la Banque mondiale ont &clench& une telle crise.