Capitales golondrina, estabilidad y desarrollo

Ricardo Ffrench-Davis Muñoz

doi:10.5354/0719-3769.1996.15046

Authors

Ricardo Ffrench-Davis Muñoz Instituto de Estudios Internacionales, Universidad de Chile

Abstract

External financing has played a very important role in Latin America, especially in the last twenty years. For this reason, an evaluation of its characteristics, the problems and possibilities it raises, and their implication on economic policies is necessary. This article aims to advance in that direction. First, some of the main features of this external financing in the region in the 1990s are discussed, in comparison with what happened in previous decades. Some aspects of the Mexican crisis of 1994, its consequences in Argentina and its contrast with what happened in Chile, which is explained mainly because this country followed a very different path from that of Mexico and Argentina, are examined below.

Keywords:

External Financing, Stability and Development, Mexican Crisis, Latin America, Capital Movements

Author Biography

Ricardo Ffrench-Davis Muñoz, Instituto de Estudios Internacionales, Universidad de Chile

Ingeniero comercial, Universidad Católica de Chile; doctor en economía y magister de la Universidad de Chicago; fue subgerente de estudios del Banco Central de Chile (1964-1970) y director de estudios del mismo banco entre abril de 1990 y marzo de 1992; director, vicepresidente e investigador de CIEPLAN entre 1976-1990; en la actualidad es asesor regional principal de CEPAL y profesor del Instituto de Estudios Internacionales; ha sido profesor-investigador en las Universidades de Oxford y de Boston, y en Institutos de España, Francia, Italia y Suecia.

Capitales golondrina, estabilidad y desarrollo

Authors

Abstract

Keywords:

Author Biography

Ricardo Ffrench-Davis Muñoz, Instituto de Estudios Internacionales, Universidad de Chile

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