Why Didn't the Global Financial Crisis Hit Latin America?

Boonman, Tjeerd M.; Jacobs, Jan; Kuper, Gerard H.

doi:10.2139/ssrn.1948680

Cited by 3 publications

(2 citation statements)

References 48 publications

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“…They were severely affected by the turbulent economic conditions of the 1990s, notably the Mexican crisis (1995) and Asian and Russian crises (1997)(1998) (see Frenkel and Rapetti, 2010). By contrast, most of them weathered the 2007-2009 global financial crisis relatively unharmed (Boonman, Kuper, and Jacobs, 2012). While several explanations for this phenomenon have been postulated such as improvements in external balance sheets (Ocampo, 2009) and the development of domestic bond markets (Jara, Moreno, and Tovar, 2009), the undertaking of the South American integration process cannot be neglected as a possible influencing factor.…”

Section: Co-movements: Correlation Analysismentioning

confidence: 99%

External Vulnerabilities and Economic Integration - Is the Union of South American Nations a Promising Project?

Bolaño

2012

SSRN Journal

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Section: Co-movements: Correlation Analysismentioning

confidence: 99%

External Vulnerabilities and Economic Integration - Is the Union of South American Nations a Promising Project?

Bolaño

2012

SSRN Journal

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“…Despite the impact of the global financial crisis, economic growth across most of this region is still strong and is increasingly becoming an attractive part of the world for trade and investment opportunities (e.g. Boonman et al ., ; Montoro & Rojas‐Suarez, ). Despite these achievements many Australian businesses and institutions continue to be reluctant to engage with LAC, notwithstanding the fact that large Australian corporations are currently conducting sizeable and successful mining operations.…”

Section: Introductionmentioning

confidence: 99%

Actual and Potential Trade Flows between Australia and Latin America

Esposto

Pereyra

2013

J of App Econs and Policy

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For decades Latin America and the Caribbean (LAC) was seen as an obscure, far‐flung, yet mysterious destination, where business relations for Australian industry and consumers were challenging, complex and difficult to achieve. Of late, however, this perception appears to be changing rapidly. Trade between Australia and Latin America has grown substantially over the recent past and is beginning to capture the imagination of Australian consumers, businesses and government institutions. To that end, this article analyses the growth in trade for a number of LAC countries and pays particular attention to trade growth between Australia and five South American economies. Using Balassa's revealed comparative indices the article analyses comparative advantage, trade competitiveness and complementarity for five Latin American countries and Australia. The study shows that trade expansion and gains from trade may be achieved by promoting further trade engagement between Australia and Latin America.

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Impact of U.S. financial crisis on BRICS: an empirical investigation of macroeconomic and financial indicators

Kalsie

Arora²

2024

Transnational Corporations Review

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Why Didn't the Global Financial Crisis Hit Latin America?

Cited by 3 publications

References 48 publications

External Vulnerabilities and Economic Integration - Is the Union of South American Nations a Promising Project?

External Vulnerabilities and Economic Integration - Is the Union of South American Nations a Promising Project?

Actual and Potential Trade Flows between Australia and Latin America

Impact of U.S. financial crisis on BRICS: an empirical investigation of macroeconomic and financial indicators

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