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High Interest Rates, Commodity Prices, and Debt Crises in Argentina, Brazil, and Mexico: What is the Connection
This paper will explore how Argentina, Brazil, and Mexico have fared in this turbulent environment. Over the 1990s, each of these country's experienced major shifts in their economic structures. All experienced debt crises, high inflation, high interest rates, and high dependence on commodity exports. However, we do see some differences between their economic performance. Through an empirical analysis that looks at the role of interest rates, commodity prices, and each country's real experiences with debt crises, this paper will provide ideas on how these economic phenomenon are linked in Latin America. An appendix of raw data is included. 13.5 pgs. 3 f/c. 8b.
