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| dc.creator | Leonardo V. Vera | |
| dc.date | 2000 | |
| dc.date.accessioned | 2022-03-17T15:42:20Z | |
| dc.date.available | 2022-03-17T15:42:20Z | |
| dc.identifier | http://www.redalyc.org/articulo.oa?id=36460207 | |
| dc.identifier.uri | http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43823 | |
| dc.description | 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. | |
| dc.format | application/pdf | |
| dc.language | en | |
| dc.publisher | Universidad Central de Venezuela | |
| dc.relation | http://www.redalyc.org/revista.oa?id=364 | |
| dc.rights | Revista Venezolana de Análisis de Coyuntura | |
| dc.source | Revista Venezolana de Análisis de Coyuntura (Venezuela) Num.2 Vol.VI | |
| dc.subject | Economía y Finanzas | |
| dc.subject | Financial Crash | |
| dc.subject | Latin America | |
| dc.subject | Venezuela | |
| dc.title | A chronicle of a Latin American country financial crash: the case of Venezuela | |
| dc.type | artículo científico |
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