The Liquidity Trap
Latin America's Free-Market Past
Bibliographic Data
| ID | 3428841 |
|---|---|
| Authors | Michael Pettis (corresponding author) |
| Year | 1996 |
| Volume | 75 |
| Issue | 6 |
| Pages | 2 |
| Publication date | 1996-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20047824 |
| OpenAlex | W2595069245 |
| Language | EN |
| Citations received | 2 |
The story is well known in economics lore: A famous academic, one of the world's leading proponents of deregula tion and free markets, is invited to Chile, which is in economic trouble. He and his followers propose a series of measures to open the economy, including easing banking restrictions, freeing credit, and eliminating tariffs. Their prescriptions are followed, and, as foreign capital pours in, the Chilean economy booms and be comes a model for the region. Or another version: In Mexico the president turns against the policies that have left the country heavily indebted and starved for domestic investment. He places a group of young foreign-trained economists and engineers in the trade and finance min istries, and they move rapidly to free up key areas of the economy and renegotiate Mexico's external debt. One of the most
Business · Economics · Financial system · Free market · Geography · Latin Americans · Liquidity crisis · Liquidity trap · Market liquidity · Monetary economics · Political science · Politics · Trap (plumbing) · Economic Theory and Policy · Law
| Citations per year | 0.07 |
|---|---|
| Citation span | 1997 - 2000 (4) |
| Highly cited | No |