Centro de Estudios de Estado y Sociedad (CEDES)
CEPAL Review, 80: 39-51, August 2003.
Executive Summary
This article focuses on the financial and currency crises that
have occurred in the context of financial globalization in
Latin America. It is divided into four sections. The first
provides an overview of financial globalization in the last
three decades. The second offers a model applicable both to
the 1990s crises and those of the early 1980s. The third
examines other experiences of globalization that did not lead
to crises and analyses preventive measures in the light of
these. The fourth reviews the routes that lead to segmented
financial integration and touches on the problems of
international coordination.
