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INTRODUCTION AND SUMMARY
EFFECTS OF THE ASIAN CRISIS ON LATIN AMERICA
LESSONS OF THE ASIAN CRISIS FOR LATIN AMERICA
Argentina Asian countries Asian crisis banking system billion Brazil capital inflows Caribbean Central Bank Central govt Chile CM CM Colombia commodities competitiveness crises Current account balance current account deficit current balance debt decline devaluation developing countries domestic interest rates East and South-East ECLAC Ecuador effects emerging economies exchange rate exports external capital factors figure flows forecasts foreign exchange Governments Gross domestic investment Gross domestic saving growth rates Hong Kong impact increase Indonesia interbank rates International Monetary Fund international reserves Latin America Latin American countries levels ln percentages lnternational reserves loans macroeconomic Malaysia manufacturing output cl Mexico Paraguay percentage of GDP percentage points periods of expansion Peru Philippines projections prudential supervision public sector quarter of 1998 Real lending region Republic of Korea risk Share of manufacturing Singapore South-East Asia stock market Taiwan China Taiwan Province terms of trade Thailand United States dollar Uruguay Venezuela