1. Repositorio institucional de CLACSO
2. Colección de los Centros Asociados
3. Venezuela
4. Instituto de Investigaciones Económicas y Sociales - FACES/UCV - Cosecha

Título :	A chronicle of a Latin American country financial crash: the case of Venezuela
Palabras clave :	Economía y Finanzas;Financial Crash;Latin America;Venezuela
Editorial :	Universidad Central de Venezuela
Descripción :	Between 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.
URI :	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43823
Otros identificadores :	http://www.redalyc.org/articulo.oa?id=36460207
Aparece en las colecciones:	Instituto de Investigaciones Económicas y Sociales - FACES/UCV - Cosecha

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