Gavin, Michael Hausmann, Ricardo Perotti, Roberto Talvi, Ernesto
Year of Publication:
Working Paper, Inter-American Development Bank, Office of the Chief Economist 326
Latin America is volatile--about two to three times as volatile as the industrial economies. It is more volatile than any region other than Africa and the Middle East. Latin America`s access to international financial markets is sporadic, and often disappears just when it would be most valuable.