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Growth cycles in Latin America and developed countries
| Content Provider | Semantic Scholar |
|---|---|
| Author | Amado, Adriana Moreira Resende, Marco Flávio C. Jayme, Frederico Gonzaga |
| Copyright Year | 2007 |
| Abstract | The Minskyan approach to financial instability and its effects on the real economy have recently been revived in order to explain the exchange rate crises undergone by the so-called emergent economies. Economies of this type are characterized by repeated scarcity of foreign currency, which can be explained by using Neo-Schumpeterian theory. Based on the Minskyan approach and on the Neo-Schumpeterian literature, this study seeks to demonstrate that there is a cyclic recurrence of exchange rate crises in Latin-American (peripheral) economies. By using data on international liquidity, the balance of payments and the increase in production in the G7 economies and in thirteen Latin-American economies, it was found that the Latin-American economies mirror the cycles of international liquidity. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.anpec.org.br/encontro2007/artigos/A07A035.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
