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Hausmann, Ricardo
Gavin, Michael
Year of Publication: 
Series/Report no.: 
Working Paper 315
What are the reasons for and the costs of Latin America`s volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications for the region.
Document Type: 
Working Paper

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