THE EVOLUTION OF THE MARKETS 1988-2013

THE EVOLUTION OF THE MARKETS 1988-2013

Latin America has been accessing bond markets for close to 200 years. But major advances in the capital markets have only taken place since the troubled 1980s, following a wave of sovereign defaults. The arduous period began with tense negotiations on a way out of crisis. As governments inked plans to restructure debt, they cleared the way for a quarter century of astonishing progress. Panama and Peru, two of the region’s particularly troubled economies 25 years ago, now boast among its highest growth rates and are perhaps the starkest examples of progress. In this section, LatinFinance examines the landmarks and turning points of the past 25 years in Latin America. We examine the advances

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