A group of American economists has dominated the debate over the policies that Latin American governments, especially Argentina’s, should adopt. Any policy they suggested would have worked better that what is in place.
Category: 2002
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Seeking the Common Ground
Bondholders think the International Monetary Fund and western governments are forcing them to support a sovereign restructuring process that would violate their interests and those of the international bond market as a whole. Hans Humes propeses a solution that would protect the interests of both debtor and creditor in future sovereign restructurings.
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Beyond Politics, Problems Mount
President Hugo Chavez survived April’s short-lived coup, but the economy is sinking. The international financial market is giving up on Venezuela, just when the government needs it the most.
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Slow Contamination
It is not true that the collapse in Argentina has spared the financial markets in the rest of Latin America and beyond. The difference between this and previous international financial […]
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Business & Banking
SCH Merges Its Chilean Banks In April, Spain’s Santander Central Hispano secured full control of Banco Santiago and announced plans to merge it with Banco Santander Chile, its other Chilean […]
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Sovereign Report
Brazil Pays Up International investors responded tepidly at first to Brazil’s latest $1 billion eight-year global bond in April, led by bookrunners JP Morgan Securities and Morgan Stanley. Brazilian authorities […]
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Ending the Consumer Credit Drought
For years, personal credit in Mexico and Brazil was outrageously expensive and near impossible to obtain. Declining interest and inflation rates are changing that. Non-banks are lending where traditional banks fear to tread.
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Fine Tuning Brazil’s Framework
Pedro Parente, the head of the country’s energy crisis committee, says the government is correcting inadequacies in its regulatory model to avoid future power shortages.
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Going Long, But Timing Right
El Salvador became the first Central American country to issue a 30-year plain vanilla bond. The bond’s skimpy pricing is an excellent reward for years of virtuous economic performance.
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Guarantees Ease Road Risk in Chile
Financial protection from the IADB and a private insurer enabled the toll road project company Rutas del Pacifico to issue the country’s largest and longest-dated local bond to date.