Developing Countries Anti-cyclical Policies in a Globalized World

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The volatility and contagion characteristic of international financial markets has dominated emerging economies during the 1990s. This paper looks at the role of developing countries' domestic policies in managing the effects of externally generated boom-bust cycles. The publication also discusses the exchange rate regime, liability policies, prudential regulation and fiscal stabilization. It draws from literature on the subject as well as from the experience of Latin America in the 1990s.


UN/Economic Commission for Latin America and the Caribbean
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Temas de Coyuntura

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