TY  - GEN
AU  - Rojas-Suárez, Liliana
AU  - Weisbrod, Steven R.
TI  - Building Stability in Latin American Financial Markets
PY  - 2011
Y1  - 2011/01/14
DO  - 10.18235/0011542
AB  - 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.
UR  - https://doi.org/10.18235/0011542
ER  -