The Aftermath of the Crisis: Policy Lessons and Challenges Ahead for Latin America and the Caribbean
Peer Reviewed
Date issued
March 2010
Subject
Financial Crisis and Structural Adjustement;
Financial Policy
JEL code
O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance;
O18 - Urban, Rural, Regional, and Transportation Analysis • Housing • Infrastructure;
E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems;
E62 - Fiscal Policy;
O11 - Macroeconomic Analyses of Economic Development
Category
Monographs
In the aftermath of the direst global crisis in recent times, Latin America and the Caribbean have shown remarkable resilience. The aim of this report is threefold: first, to understand the sources of this resilience, identifying the role played by unprecedented international financial support on the one hand, and the strength of domestic macroeconomic fundamentals on the other; second, to highlight the policy lessons that emerge from this analysis both for the region and the international financial community; and finally, to identify critical macroeconomic policy challenges for the region.
