From the Boom in Capital Inflows to Financial Traps

Roberto Frenkel
The paper examines the performance of highly indebted countries from the point of view of their links with the international financial market. Although the more analytical parts of the paper do not refer specifically to Latin America (LA) it consider the regional emergent markets experiences as examples and historical background. Two reasons explain the focus: LA countries participated in the financial globalization process from the beginning, in the late sixties-early seventies and the most important...
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