Credit at Times of Stress: Latin American Lessons from the Global Financial Crisis
This paper identifies the factors at country and bank levels that contributed to the behavior of real credit growth in Latin America during the 2010-2011 global financial crisis. The resilience of real credit during the crisis was highly related to policies, measures and reforms implemented in the pre-crisis period.
© 2012 Center for Global Development (CGD)
Carlos Montoro, Liliana Rojas-Suarez