Bastourre, Diego; Carrera, Jorge; Ibarlucia, Javier - In: Ensayos Económicos 1 (2008) 51, pp. 43-81
There is a widespread feeling that favorable winds have been blowing in the direction of many emerging economies. This “tail wind” has essentially two components: low international interest rates and high prices of several commodities. But in contrast to the 90s, nowadays the emphasis is put...