Macroeconomic policy
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1998-1999 , pp 33-46
- Publication Date: December 1999
- DOI: https://doi.org/10.18356/cbea5dd8-en
- Language: English
Events in 1998 exposed the region’s vulnerability to the caprices of external capital flows and showed just how little manoeuvring room is available to national economic policy-makers. Countries suffering from chronically high external deficits and those whose trade or fiscal accounts were exposed to international price fluctuations had to restrain domestic demand in order to bring it into line with the meager inflow of foreign capital.
© United Nations
ISBN (PDF):
9789210582964
Book DOI:
https://doi.org/10.18356/c03150ae-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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