LATIN AMERICA: AN END TO BOOM AND BUST?
Sustaining Latin America’s Transformation
Nicolás Eyzaguirre
Building on recent successes, Latin America now
has a chance to raise its profile in the global
marketplace
Ending Instability
Jorge Iván Canales-Kriljenko,
Luis I. Jácome, Ali Alichi, and Ivan Luís de
Oliveira Lima
How monetary policy reforms helped propel five
major Latin American countries from recurrent
crises to economic stability
Face-to-Face with Productivity
Eduardo Lora and Carmen
Pagés
It is not lack of investment but inefficient
production that holds back Latin American
incomes
Spreading the Wealth
Alicia Bárcena
Poverty and inequality have declined in Latin
America in recent years, but there is a lot more
to do
Great Expectations
Mário Mesquita
Brazil’s economic success has raised the bar for
that country, at home and abroad
Also in This Issue
Rising Prices on the Menu
Thomas Helbling and
Shaun Roache
Higher food prices may be here to stay
Gyrations in Financial Markets
Stijn Claessens, M.
Ayhan Kose, and Marco E. Terrones
Financial cycles tend to be long and deep and
often interact in ways that can cause booms or
busts
Investing in Growth
Serkan Arslanalp, Fabian
Bornhorst, and Sanjeev Gupta
Revisiting the debate over whether public
investment in infrastructure is productive
Healing Health Care Finances
Benedict Clements, David
Coady, Baoping Shang, and Justin Tyson
Health care presents a daunting fiscal
challenge, but reforms can help manage the
growth of spending fairly and efficiently
Free Governments, Good Policies
Paola Giuliano, Prachi
Mishra, and Antonio Spilimbergo
Economic reforms may scare politicians, but
democracy and economic liberalization generally
go hand in hand
Veterans of the System
F&D interviews
Michel Camdessus
Ideas for strengthening the international
monetary system
Departments
People in Economics
Picture This
A History of World Debt
S. Ali Abbas, Nazim
Belhocine, Asmaa El-Ganainy, and Mark Horton
How public debt has changed since 1880
Back to Basics
What Are Financial Services?
Irena Asmundson
How consumers and businesses acquire financial goods
such as loans and insurance
Book Reviews
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany, Adam Fergusson
Moneymakers: The Wicked Lives and Surprising Adventures of Three Notorious Counterfeiters, Ben Tarnoff
Data Spotlight
Branching Out
Atsushi Oshima and James A.
Chan
Access to basic financial services in low-income
countries is growing