This time is different? The institutional development of Latin America. The cases of Mexico and Argentina after the great financial crisis 2008
The great financial crisis of 2008 is a very relevant event that has called the attention of innumerable analysts and has produced a large literature around its causes and effects.If we refer to Latin America, this crisis has been the first one not to badly hit the region since the beginning of the...
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| Format: | Doctoral thesis |
| Publication date: | 2025 |
| Country: | España |
| Institution: | Universidad Complutense de Madrid (UCM) |
| Repository: | Docta Complutense |
| Language: | English |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/121794 |
| Online Access: | https://hdl.handle.net/20.500.14352/121794 |
| Access Level: | Open access |
| Keyword: | 330.34(7/8)(043.2) Crisis financiera Crisis económicas 5310 Economía Internacional |
| Summary: | The great financial crisis of 2008 is a very relevant event that has called the attention of innumerable analysts and has produced a large literature around its causes and effects.If we refer to Latin America, this crisis has been the first one not to badly hit the region since the beginning of the twentieth century. Despite this striking evidence, analysts have not put much focus on this particular fact, and generally they dispatch it by invoking the benign terms of trade, due to the high prices of commodities driven by the demand from China. We believe that there are more than extra inflows from China to explain the behaviour of the region during this crisis.We defend that apart from the conjunctural effects derived from the relative high prices of commodities around 2008, the region is in a process of structural/institutional change that is contributing to a better response to crises, and particularly to economic crises... |
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