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Economic Survey of Latin America and the Caribbean 1990

image of Economic Survey of Latin America and the Caribbean 1990

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.

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Public finances in Latin America in the 1980s

The crisis in the public finances of most Latin American and Caribbean countries was one of the main features of the economic plight of the region in the 1980s. It played a central role in the serious budgetary constraints on the public sector, which stemmed from high deficits -exacerbated by recessions and the debt burden- and the sharp drop in external financing. This situation led to the creation of various combinations of inflationary financing, suspension of debt servicing payments and fiscal adjustments in government economic policies during the decade. Structurally speaking, however, the financial crisis of the public sector revealed the weakness of financial structures in the face of external shocks and domestic pressures, and their growing inability to finance public policies designed to promote stability, growth and equity.The crisis in the public finances of most Latin American and Caribbean countries was one of the main features of the econom ic plight of the region in the 1980s. It played a central role in the serious budgetary constraints on the public sector, which stemmed from high deficits -exacerbated by recessions and the debt burden- and the sharp drop in external financing. This situation led to the creation of various combinations of inflationary financing, suspension of debt servicing payments and fiscal adjustments in government economic policies during the decade. Structurally speaking, however, the financial crisis of the public sector revealed the weakness of financial structures in the face of external shocks and domestic pressures, and their growing inability to finance public policies designed to promote stability, growth and equity.

English

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