Policymakers in emerging economies have long suffered sudden stops, those paralyzing episodes in which foreign credit dries up. Such episodes can cause painful domestic adjustments that exact significant losses in GDP. But not all sudden stops are equal, and they do not all inflict the same amount of pain. Take the case of Latin America. During the Tequila Crisis, when foreign … [Read more...] about What Are the Antidotes to Sudden Stops?
About John Jairo León
John Jairo León is an Economics Specialist in the Office of Strategic Planning and Development Effectiveness at the Inter-American Development Bank. He received his Ph.D. in Economics from the University of Maryland at College Park in 2017 and holds Bachelor’s and Master’s degrees in Economics from the Universidad Nacional in Colombia. His research interests include macroeconomics, focusing on financial frictions, and international finance.