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Economic Policy in Latin America IRGN 409 April-June, 2008 The Debt Crisis in Latin America  Alejandro Díaz-Bautista,  Ph.D. [email_address]   Professor of Economics and Researcher at COLEF Visiting Research Fellow and Guest Scholar 2008, Center for U.S.-Mexican Studies, University of California San Diego (UCSD).  April 2, 2008 Graduate School of International Relations & Pacific Studies IR/PS  University of California, San Diego
Debt Crisis in the 1980’s ,[object Object],[object Object],[object Object]
Sebastian Edwards (1995) Crisis and Reform in Latin America: From Despair to Hope. Sebastian Edwards. Oxford University Press. ,[object Object],[object Object]
Sebastian Edwards (1995) Crisis and Reform in Latin America: From Despair to Hope. Sebastian Edwards. Oxford University Press. ,[object Object]
The Debt Crisis ,[object Object],[object Object],[object Object]
The Paris Club is an informal group of financial officials from 19 of the world's richest countries, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors. Debtors are often recommended by the International Monetary Fund after alternative solutions have failed. It meets every six weeks at the French Ministry of the Economy, Finance, and Industry in Paris.
Origins of the Debt Crisis ,[object Object],[object Object],[object Object],[object Object]
Origins of the Debt Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object]
Origins of the Debt Crisis ,[object Object],[object Object],[object Object],[object Object]
Origins of the Debt Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]
Start of the Debt Crisis ,[object Object],[object Object],[object Object],[object Object]
1982 Mexico Debt Crisis ,[object Object],[object Object]
1982 Mexico Debt Crisis ,[object Object],[object Object]
Export Oriented Economic  Policies substitute ISI in Latin America   ,[object Object]
1982 Mexico Debt Crisis ,[object Object],[object Object],[object Object]
1982 Mexico Debt Crisis
 
Getting out of the Debt Crisis ,[object Object]
Economic Regression Analysis of Mexico in the 80’s and 90’s ,[object Object]
Economic Regression Analysis of Mexico in the 80’s and 90’s ,[object Object]
 
 
Regression Results ,[object Object]
What led to the debt crisis of the 1980’s in Argentina? ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
The impact of Inflation in Argentina
[object Object],[object Object],[object Object],[object Object],What were the economic impacts caused by the debt crisis during the 1980’s in Argentina?
How did Argentina solve the Debt crisis of  the 1980’s? ,[object Object],[object Object],[object Object],[object Object]
 
[object Object],[object Object],[object Object],How did Argentina solve the Debt crisis of  the 1980’s?
Paraguay ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Paraguay ,[object Object],[object Object],[object Object],[object Object],[object Object]
Paraguay’s Debt in the 1980’s ,[object Object],[object Object],[object Object],[object Object],[object Object]
Paraguay’s Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Conclusions for the 1980’s Debt Crisis
Conclusions ,[object Object],[object Object],[object Object]
References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The IMF ,[object Object],[object Object]
The Balance of Payments (BOP) ,[object Object]
What led to the debt crisis of the 1980’s in Brazil? ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What led to the debt crisis of the 1980’s in Brazil?
What were the economic impacts caused by the debt crisis during the 1980’s in Brazil? ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],What were the economic impacts caused by the debt crisis during the 1980’s in Brazil?
Brazil’s Negative Current Account Balance During the 1980’s The current account of the balance of payments is the sum of the balance of trade (exports minus imports of goods and services), net factor incomes (such as interest and dividends) and net transfer payments (such as foreign aid).
How did Brazil solve the Debt crisis of the 1980’s? ,[object Object],[object Object]
How did Brazil solve the Debt crisis of the 1980’s?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic Policy in Latin America IRGN 409 April-June, 2008 The Debt Crisis in Latin America  Alejandro Díaz-Bautista,  Ph.D. [email_address]   Professor of Economics and Researcher at COLEF Visiting Research Fellow and Guest Scholar 2008, Center for U.S.-Mexican Studies, University of California San Diego (UCSD).  April 2, 2008 Graduate School of International Relations & Pacific Studies IR/PS  University of California, San Diego

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Professor Alejandro Diaz-Bautista, Economic Policy, Debt Crisis Presentation

  • 1. Economic Policy in Latin America IRGN 409 April-June, 2008 The Debt Crisis in Latin America Alejandro Díaz-Bautista, Ph.D. [email_address] Professor of Economics and Researcher at COLEF Visiting Research Fellow and Guest Scholar 2008, Center for U.S.-Mexican Studies, University of California San Diego (UCSD). April 2, 2008 Graduate School of International Relations & Pacific Studies IR/PS University of California, San Diego
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  • 6. The Paris Club is an informal group of financial officials from 19 of the world's richest countries, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors. Debtors are often recommended by the International Monetary Fund after alternative solutions have failed. It meets every six weeks at the French Ministry of the Economy, Finance, and Industry in Paris.
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  • 27. The impact of Inflation in Argentina
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  • 45. Brazil’s Negative Current Account Balance During the 1980’s The current account of the balance of payments is the sum of the balance of trade (exports minus imports of goods and services), net factor incomes (such as interest and dividends) and net transfer payments (such as foreign aid).
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  • 48. Economic Policy in Latin America IRGN 409 April-June, 2008 The Debt Crisis in Latin America Alejandro Díaz-Bautista, Ph.D. [email_address] Professor of Economics and Researcher at COLEF Visiting Research Fellow and Guest Scholar 2008, Center for U.S.-Mexican Studies, University of California San Diego (UCSD). April 2, 2008 Graduate School of International Relations & Pacific Studies IR/PS University of California, San Diego