Latin america's access to international capital markets
Subtitle: good behavior or global liquidity?
By: Ana Fostel, Graciela Laura Kaminsky
Contributors: Kaminsky, Graciela Laura; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13194; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13194.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This paper examines Latin America's access to international capital markets from 1980 to 2005, with particular attention to the role of domestic and external factors.  To capture access to international markets, we use primary gross issuance in international bond, equity, and syndicated-loan markets.  Using panel estimation, we find that sound fundamentals matter.  For example, Argentina, Brazil, and Chile's superb performance in capital markets during the early 1990s has been in large part driven by better fundamentals.  However, the upsurge in international lending to Latin America starting in 2003 has been mainly driven by a dramatic increase in global liquidity"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/31/2007.

Includes bibliographical references.

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