Why Are Latin Americans So Unhappy About Reforms?

By U. Panizza, M. Yañez. 2005

184 citations recorded by the source corpus.

This paper uses opinion surveys to document discontent with the pro-market reforms implemented by most Latin American countries during the 1990s. The paper also explores four possible sets of explanations for this discontent: (i) a general drift of the populace's political views to the left; (ii) an increase in political activism by those who oppose reforms; (iii) a decline in the people's trust of political actors; and (iv) the economic crisis. The paper's principal finding is that the macroeconomic situation plays an important role in explaining the dissatisfaction with the reform process.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/38bd3a78e01bdc57c51d836b99f5a1d0ce2d822f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

In Sociology and Political Science

Citations in the corpus

Understanding Banking Sector Globalization (2009, background): “market-based structures (Demirguç-Kunt and Maksimovic, 2002). Although the growthvolatility relationships were generally preserved in the 1990s, compared with prior decades, both trade and financial openness tended to attenuate the observed negative effects of volatility on growth (Kose, Prasad, and”
Banking crises and exchange rate regimes - Is there a link? (2003, background): “A popular argument in favor of fixed exchange rates is that a commitment to a currency peg may reduce the probability of banking crises, as it would discipline policy makers (Eichengreen and Rose (1998)).”
Why doesn't Capitalism flow to Poor Countries? (2004, background): “Four related papers are Aghion and others (2009), Alesina and Angeletos (2005), Landier, Thesmar, and Thoenig (2008), and Panizza and Yañez (2005).”
Do high interest rates defend currencies during speculative attacks (2003, background): “2 Drazen and Masson (1994) develop a model in which signals become less credible over time.”
Operationalising the Countercyclical Capital Buffer: Indicator Selection, Threshold Identification and Calibration Options (2014, methodology): “…different variables to be included in the same model and hence they can be evaluated jointly (see Frankel and Rose, 1996 and Licchetta, 2011 on the use of multivariate probit models for the prediction of currency crises; and Demirgüç-Kunt and Detragiache, 1998 for the prediction of banking crises).”