#debt

Banks and the Global Financial Crisis 10 Years On: Lessons from Latin America and the Caribbean

Ten years after the fall of Lehman Brothers, Latin America and the Caribbean have lessons to offer on surviving a global financial crisis

On Sept. 15 2008, Lehman Brothers filed for bankruptcy heralding the most serious financial crisis since the Great Depression. A couple of years after, I was at a conference and a senior (European) official gave a presentation entitled The Global Financial Crisis, Lessons for Latin America. I asked whether there was a typo. Shouldn’t that be […]

The Good, Bad and Unexpected of Fiscal Rules

Fiscal rules can improve fiscal results, but they can also have unintended consequences

Caribbean countries still face a delicate fiscal situation. While a number of Caribbean economies have reduced their debt burden, the majority face high sovereign debt levels that weigh on their prospects for strong and sustainable growth. In the context of weak fiscal stances and high dependence on foreign external conditions, it makes sense to implement […]

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