‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives.
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista de Economia (Curitiba. Online) |
Texto Completo: | https://revistas.ufpr.br/economia/article/view/62626 |
Resumo: | The matter of the ‘original sin’, the inability to borrow abroad in domestic currency, came to the centre of the academic discussion after the dramatic episodes in Asia, Russia and Latin America. According to this international framework, this paper is an empirical analysis of ‘original sin’ for six Latin American countries based on the index (OSIN3) developed by Haussmann and Panizza (2003). This paper finds that the situation for some countries have been improving reflecting a reduction of the index. This fact could be related to recent economic policies policies related to an ‘abstinence’ rather than ‘redemption’, an attitude seen as a response to the debt crisis. Finally, the paper focuses on possible policy alternatives that could be adopted to overcome the ‘original sin’ phenomenon, it includes North-South and South-South cooperation and a multilateral arrangement. However, such alternatives are limited to feasibility mainly due to the turbulent political and economic scenario in the region. |
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Revista de Economia (Curitiba. Online) |
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‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives.Original sin; currency mismatches; debt; Latin America The matter of the ‘original sin’, the inability to borrow abroad in domestic currency, came to the centre of the academic discussion after the dramatic episodes in Asia, Russia and Latin America. According to this international framework, this paper is an empirical analysis of ‘original sin’ for six Latin American countries based on the index (OSIN3) developed by Haussmann and Panizza (2003). This paper finds that the situation for some countries have been improving reflecting a reduction of the index. This fact could be related to recent economic policies policies related to an ‘abstinence’ rather than ‘redemption’, an attitude seen as a response to the debt crisis. Finally, the paper focuses on possible policy alternatives that could be adopted to overcome the ‘original sin’ phenomenon, it includes North-South and South-South cooperation and a multilateral arrangement. However, such alternatives are limited to feasibility mainly due to the turbulent political and economic scenario in the region.UFPRDiniz Moraes, ViniciusGallo, EttoreBarbieri Goes, Maria Cristina2019-09-18info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.ufpr.br/economia/article/view/6262610.5380/re.v40i72.62626Revista de Economia; v. 40, n. 72 (2019)2316-93970556-5782reponame:Revista de Economia (Curitiba. Online)instname:Universidade Federal do Paraná (UFPR)instacron:UFPRporhttps://revistas.ufpr.br/economia/article/view/62626/39489Direitos autorais 2019 Revista de Economiainfo:eu-repo/semantics/openAccess2019-09-18T17:19:01Zoai:revistas.ufpr.br:article/62626Revistahttps://revistas.ufpr.br/economiaPUBhttps://revistas.ufpr.br/economia/oaire@ufpr.br2316-93970556-5782opendoar:2019-09-18T17:19:01Revista de Economia (Curitiba. Online) - Universidade Federal do Paraná (UFPR)false |
dc.title.none.fl_str_mv |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
title |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
spellingShingle |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. Diniz Moraes, Vinicius Original sin; currency mismatches; debt; Latin America |
title_short |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
title_full |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
title_fullStr |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
title_full_unstemmed |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
title_sort |
‘Original Sin’ in Latin America (2000-2015): Theory, Empirical Assessment and Alternatives. |
author |
Diniz Moraes, Vinicius |
author_facet |
Diniz Moraes, Vinicius Gallo, Ettore Barbieri Goes, Maria Cristina |
author_role |
author |
author2 |
Gallo, Ettore Barbieri Goes, Maria Cristina |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
|
dc.contributor.author.fl_str_mv |
Diniz Moraes, Vinicius Gallo, Ettore Barbieri Goes, Maria Cristina |
dc.subject.none.fl_str_mv |
|
dc.subject.por.fl_str_mv |
Original sin; currency mismatches; debt; Latin America |
topic |
Original sin; currency mismatches; debt; Latin America |
description |
The matter of the ‘original sin’, the inability to borrow abroad in domestic currency, came to the centre of the academic discussion after the dramatic episodes in Asia, Russia and Latin America. According to this international framework, this paper is an empirical analysis of ‘original sin’ for six Latin American countries based on the index (OSIN3) developed by Haussmann and Panizza (2003). This paper finds that the situation for some countries have been improving reflecting a reduction of the index. This fact could be related to recent economic policies policies related to an ‘abstinence’ rather than ‘redemption’, an attitude seen as a response to the debt crisis. Finally, the paper focuses on possible policy alternatives that could be adopted to overcome the ‘original sin’ phenomenon, it includes North-South and South-South cooperation and a multilateral arrangement. However, such alternatives are limited to feasibility mainly due to the turbulent political and economic scenario in the region. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-09-18 |
dc.type.none.fl_str_mv |
|
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistas.ufpr.br/economia/article/view/62626 10.5380/re.v40i72.62626 |
url |
https://revistas.ufpr.br/economia/article/view/62626 |
identifier_str_mv |
10.5380/re.v40i72.62626 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistas.ufpr.br/economia/article/view/62626/39489 |
dc.rights.driver.fl_str_mv |
Direitos autorais 2019 Revista de Economia info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Direitos autorais 2019 Revista de Economia |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFPR |
publisher.none.fl_str_mv |
UFPR |
dc.source.none.fl_str_mv |
Revista de Economia; v. 40, n. 72 (2019) 2316-9397 0556-5782 reponame:Revista de Economia (Curitiba. Online) instname:Universidade Federal do Paraná (UFPR) instacron:UFPR |
instname_str |
Universidade Federal do Paraná (UFPR) |
instacron_str |
UFPR |
institution |
UFPR |
reponame_str |
Revista de Economia (Curitiba. Online) |
collection |
Revista de Economia (Curitiba. Online) |
repository.name.fl_str_mv |
Revista de Economia (Curitiba. Online) - Universidade Federal do Paraná (UFPR) |
repository.mail.fl_str_mv |
re@ufpr.br |
_version_ |
1797067451790262272 |