The Decline of Latin American Economies: Growth, Institutions, and Crises

The Decline of Latin American Economies: Growth, Institutions, and Crises
Sebastian Edwards, Gerardo Esquivel, and Graciela Márquez, editors

Some chapters may have appeared as NBER Working Papers, which are preliminary versions of the published papers.

Table of Contents:

Introduction, p. 1-11
Sebastian Edwards

I. Economic Growth, Taxation, and Institutions

1. When Did Latin America Fall Behind?, p. 15-57
Leandro Prados de la Escosura


2. Before the Golden Age: Economic Growth in Mexico and Portugal, 1910-1950, p. 59-81
Pedro Lains


3. Inequality and the Evolution of Institutions of Taxation: Evidence from the Economic History of the Americas, p. 83-136
Kenneth L. Sokoloff and Eric M. Zolt

II. Financial Crises, Lending, and Inflation

4. Financial Crises, 1880-1913: The Role of Foreign Currency Debt, p. 139-194
Michael D. Bordo and Christopher M. Meissner


5. The True Measure of Country Risk: A Primer on the Interrelations between Solvency and the Polity Structure of Emerging Markets, Argentina 1886-1892, p. 195-211
Gerardo della Paolera and Martín Grandes


6. Related Lending: Manifest Looting or Good Governance? Lessons from the Economic History of Mexico, p. 213-242
Noel Maurer and Stephen Haber


7. Sudden Stops and Currency Drops: A Historical Look, p. 243-289
Luis A. V. Catão


8. Establishing Credibility: The Role of Foreign Advisors in Chile's 1955-1958 Stabilization Program, p. 291-329
Sebastian Edwards

III. Protectionism and Economic Performance

9. Some Economic Effects of Closing the Economy: The Mexican Experience in the Mid-Twentieth Century, p. 333-361
Gerardo Esquivel and Graciela Márquez


10. The Political Economy of Protectinism: The Mexican Textile Industry, 1900-1950, p. 363-406
Aurora Gómez-Galvarriato