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Por favor, use este identificador para citar o enlazar este ítem: https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43823
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dc.creatorLeonardo V. Vera-
dc.date2000-
dc.date.accessioned2022-03-17T15:42:20Z-
dc.date.available2022-03-17T15:42:20Z-
dc.identifierhttp://www.redalyc.org/articulo.oa?id=36460207-
dc.identifier.urihttp://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43823-
dc.descriptionBetween 1994 and 1995 the Venezuelan banking experienced a drastic financial crash that eventually took half of the banking industry down, created a wave of bankruptcies of enterprises, distorted public finances (as government assistance to ailing banks mounted), and generated a balance of payments crisis. This paper details the events that precipitated Venezuela's financial crisis and examines how the problems took shape The paper outlines the factors that cause and precipitate a financial collapse. These are summarized in three broad categories, namely: the macroeconomic context, the institutional setting, and policy orientation. The Venezuelan experience demonstrates that the so-presumed coherence between orthodox reforms and financial liberalization should not be exaggerated. If the reforms itself generate transitory but severe macroeconomic instability and are implemented without taking care of a fragile institutional setting and an already dangerous trend in banking operations, the results can be counter-productive.-
dc.formatapplication/pdf-
dc.languageen-
dc.publisherUniversidad Central de Venezuela-
dc.relationhttp://www.redalyc.org/revista.oa?id=364-
dc.rightsRevista Venezolana de Análisis de Coyuntura-
dc.sourceRevista Venezolana de Análisis de Coyuntura (Venezuela) Num.2 Vol.VI-
dc.subjectEconomía y Finanzas-
dc.subjectFinancial Crash-
dc.subjectLatin America-
dc.subjectVenezuela-
dc.titleA chronicle of a Latin American country financial crash: the case of Venezuela-
dc.typeartículo científico-
Aparece en las colecciones: Instituto de Investigaciones Económicas y Sociales - FACES/UCV - Cosecha

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