@misc{11922,
title = {Building Stability in Latin American Financial Markets},
author = {Rojas-Suárez, Liliana and Weisbrod, Steven R.},
year = {2011},
doi = {10.18235/0011542},
abstract = {This paper argues that the investor reluctance to make long-term commitments to Latin American financial markets results from experience. In the 1980s, while ex ante real interest rates on Latin American financial assets were usually high, ex-post real interest rates were often highly negative. In the 1990s, policymakers instituted stabilization programs and structural reforms that have improved the environment in which financial markets operate. Based on a review of experiences in the region, this paper shows that, when these opportunities are taken, investor confidence in long-term markets is strengthened.},
url = {https://doi.org/10.18235/0011542}
}