The Monetary and Fiscal History of Latin America: Sovereign Default: The Role of Expectations

The Monetary and Fiscal History of Latin America: Sovereign Default: The Role of Expectations

While Latin America’s history highlights, repeated monetary and fiscal crises, the events of the last five years show that developed economies are not immune to these problems. In this presentation, Juan Pablo Nicolini shows that, along with poor mac...

Summary

While Latin America’s history highlights, repeated monetary and fiscal crises, the events of the last five years show that developed economies are not immune to these problems. In this presentation, Juan Pablo Nicolini shows that, along with poor macroeconomic fundamentals, high debt, and leverage, expectations and multiplicity may also play a role.