Search results
Results from the WOW.Com Content Network
The Latin American debt crisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as La Década Perdida (The Lost Decade), when Latin American countries reached a point where their ...
Brady bonds were created in March 1989 to convert bank loans, mostly in Latin America, into a variety or "menu" of new bonds after many countries defaulted on their debt in the 1980s. At the time, the market for emerging markets' sovereign debt was small and illiquid, and the standardization of emerging-market debt facilitated risk-spreading ...
Baring crisis [24] 1982: Latin American debt crisis [24] 1988–89: Latin American debt crisis [24] 2001: Following years of instability, the Argentine economic crisis (1999–2002) came to a head, and a new government announced it could not meet its public debt obligations. [24] 2005–16: Argentine debt restructuring. 2014 [25] [26] 2020 [27 ...
Mexico's new finance minister Arturo Herrera is a pragmatic and respected policy maker who says he was inspired to study economics by the Latin American debt crisis that wrought financial chaos ...
A debt crisis can also refer to a general term for a proliferation of massive public debt relative to tax revenues, especially in reference to Latin American countries during the 1980s, the United States and the European Union since the mid-2000s, and the Chinese debt crises of 2015.
There are Latin American economic crises: Latin American debt crisis of the 1970s and 1980s. La Década Perdida - the Lost Decade for Mexico. Economic history of Mexico § 1982 crisis and recovery. Great Depression in Latin America - the effects of the Great Depression of the 1930s on Latin America. Venezuelan banking crisis of 1994.
After a strong beginning, his popularity eroded under the stress of inflation, economic hardship, and terrorism. The government's attempt to liberalize the economy failed, partly because of the Latin American debt crisis. Per-capita income declined, and Peru's foreign debt grew.
The programs and conditions that applied to the Mexican debt crisis lasted for three years. [7] As a result of IMF involvement in Mexico following its economic crisis, many believe this marked the IMF's role of international crisis manager in Latin America. [8] Prior to the 1982 debt crisis, Mexico enjoyed a period of economic stability. This ...