The credit cycle and vulnerabilities in emerging economies: the case of Latin America

Julián Caballero, Ugo Panizza, Andrew Powell, 2 April 2014

a

A

Over recent years credit growth in Latin America has been very strong, and countries have become more reliant on foreign bond issuances. These phenomena are linked, and in Caballero et al. (2014), we argue that they may have led to vulnerabilities which domestic and international supervisors are not well-equipped to assess.

Topics: Exchange rates, Financial markets, International finance
Tags: carry trade, credit conditions, exchange rates, Latin America, original sin

The lingering effects of financial crises

Prakash Kannan, 19 November 2009

a

A

The prospects for recovery from the 2008 global financial crisis appear to be on the horizon.

Topics: Financial markets, Global crisis
Tags: credit conditions, financial crisis, global crisis, recovery

Vox eBooks