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August 21, 2020
While COVID-19 has sparked a global crisis, the developing countries hit hardest are in Latin America. If conditions worsen, Latin America could face a severe financial crisis. To stop this from happening, policymakers, donors, researchers, and multilateral organizations must cooperate to find and e...
TESTIMONY
December 23, 2009
On Wednesday, March 28, 2007, Nancy Birdsall testified before the U.S. House of Representatives Subcommittee on the Western Hemisphere of the House Foreign Affairs Committee. Dr. Birdsall, who leads CGD's initiative on Globalization and Inequality, took this opportunity to explain how the U.S. can i...
WORKING PAPERS
March 19, 2009
This working paper examines the relationship between high inequality and liberalization of the financial sector in Latin America from 1975 to 2000. Using panel data, the authors find that increases in financial liberalization were associated with bank crises and other domestic and external shocks, ...