Reinhart, Carmen; Calvo, Guillermo; Fernandez Arias, Eduardo - Volkswirtschaftliche Fakultät, … - 2001
cycle, play a key role in capital inflows, investment, and growth.2 As a result, economic growth in the region tends to be …This paper discusses the economic performance of Latin America in the last decade, paying special attention to growth … capital inflows that exceeded expectations. In addition, whenever crises struck, their negative effect on growth was dramatic …