Latin American Economic Crises: Trade and Labour

by Enrique Bour, Daniel Heymann, Fernando Navajas

Overview

Based on the proceedings of the 12th World Congress of the Economic Association, this volume presents a broad view of issues of general economic interest that were faced by Latin American economies in the late twentieth century. Part I deals with macroeconomic issues, and concentrates on currency and financial crises in the region throughout the 1990s. It also includes an interesting comparison of the Asian and Latin American crises and provides a background to the problems faced by Argentina in the early twenty-first century. Part II focuses on external trade and trade policies, including programmes for greater regional integration. Part III considers issues relating to employment and income distribution, drawing on the Latin American experience to examine the design of policies and the possibility of modelling these phenomena.

Product Details

ISBN-13:	9780230208629
Publisher:	Palgrave Macmillan
Publication date:	12/09/2003
Series:	International Economic Association Conference Volumes
Sold by:	Barnes & Noble
Format:	eBook
File size:	3 MB

About the Author

GUILLERMO A. CALVO Inter-American Development Bank, Washington and University of Maryland, USA
ALESSANDRO CIGNO Universita di Firenze, Florence, Italy
VITTORIO CORBO Pontifica Universidad Catolica de Chile, Santiago, Chile
AFONSO FERREIRA Universidada Federal de Minais Gerais and Centro de Pesquisa em Economia, Belo Horizonte, Brazil
MARCEL FRATSCCHER European Central Bank, Frankfurt, Germany
KOICHI HAMADA Yale University, New Haven, USA
ALICIA HERRERO Banco Central de Espana, Madrid, Spain
TALAN ISCAN Dalhousie University, Halifax, Canada
ADRIANA KUGLER Universitat Pompeu Fabra, Barcelona, Spain
LUIS MIOTTI Universite de Paris, Paris, France
GRACIELA PINAL Universidad Nacional di Salta, Argentina
CARLOS QUENAN CREDAL, Universite de Paris, France
RANJAN RAY University of Tasmania, Hobart, Australia
HERNAN RINCON Banco de la Republica, Bogota, Colombia
T. N. SRINIVASAN Yale University, New Haven, USA
ANDREU SANSÓ Universitat de Barcelona, Spain
VICTOR URQUIDI El Colegio di Mexico, Mexico City
CARLOS WINOGRAD Secretary of State for Competition, Deregulation and consumer Affairs, Buenos Aires, Argentina

Table of Contents

	The International Economic Association	vii
	Preface and Acknowledgements	ix
	List of Contributors	xi
	Abbreviations and Acronyms	xiii
	Introduction	xv
Part I	Macroeconomic Crises
1	A Comparison of Currency Crises between Asia and Latin America	3
2	Latin America and the External Crisis of the Second Half of the 1990s	24
3	Banking Crises in Latin America in the 1990s: Lessons from Argentina, Paraguay and Venezuela	40
4	On the Causes of the Latin American and Asian Currency Crises of the 1990s	58
5	Contagion in Emerging Markets: When Wall Street is a Carrier	81
Part II	Trade and Trade Agreements
6	Preferential Trade Agreements at the Turn of the Century	95
7	The Role of Sub-regional Agreements in Latin American Economic Integration	115
8	International Specialization and Trade Regimes in Argentina 1960-99	125
9	Testing the Short- and Long-run Exchange-Rate Effects on the Trade Balance: The Case of Colombia	149
10	External Shocks, Relative Prices and Sectoral Reallocation in a Small Open Economy: Evidence from Mexico	167
11	Exchange-Rate Movements and the Export of Brazilian Manufactures	187
Part III	Labour and Income Distribution
12	The Impact of Firing Costs on Turnover and Unemployment: Evidence from Colombia	201
13	Structural Reform and the Distribution Effects of Price Changes in Argentina 1988-98	222
14	Endogenous Child Mortality, the Price of Child-specific Goods and Fertility Decisions: Evidence from Argentina	247
15	Child Labour in Peru: An Empirical Analysis and its Modelling Implications	258