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Developing Countries' Anti-cyclical Policies in a Globalizing World

  • Author: UN, ECLAC
  • Publication date: September 2002
  • Page count: 40
  • Language(s) in this book: English
  • Sales number: 02.II.G.60

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About the product

This paper looks at the role of developing countries’ domestic policies in managing externally generated boom-bust cycles. It draws upon an extensive list of recent literature on the subject and upon the experience of Latin America in the 1990s. The discussion is divided into seven sections. The first looks at the macroeconomics of boom-bust cycles in the developing world. The following sections look at the exchange rate regime, liability policies, prudential regulation and supervision, and fiscal stabilization. The final section draws some conclusions.