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The Aftermath of the Crisis: Policy Lessons and Challenges Ahead for Latin America and the Caribbean


Izquierdo, Alejandro

Talvi, Ernesto

Published: March 2010

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In the aftermath of the direst global crisis in recent times, Latin America and the Caribbean has shown remarkable resilience. The aim of this report is threefold: first, to understand the sources of this resilience, identifying the role played by unprecedented international financial support on the one hand, and the strength of domestic macroeconomic fundamentals on the other; second, to highlight the policy lessons that emerge from this analysis both for the region and the international financial community; and finally, to identify critical macroeconomic policy challenges for the region.

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Wikipedia: International Lender of Last Resort

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