Debt and Crisis in Latin America
：The Supply Side of the Story
( Princeton Legacy Library )
Publication subTitle ：The Supply Side of the Story
Publication series ：Princeton Legacy Library
Author： Devlin Robert;;;
Publisher： Princeton University Press
Publication year： 2014
E-ISBN: 9781400860531
P-ISBN(Paperback): 9780691000794
Subject： F1 The World Economic Profiles , Economic History , Economic Geography;F8 Finances
Keyword： 世界各国经济概况、经济史、经济地理,财政、金融
Language： ENG
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Description
Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside.
Originally published in 1990.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
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