Talk:Latin American debt crisis/Archives/2012

Latest comment: 11 years ago by Stevenmitchell in topic Dictatorships

Redirect

Changed from the redirect. They are different situations entirely. --MateoP 19:30, 13 December 2005 (UTC)

on top of a long edit history.
--Jerzyt 06:25, 10 February 2009 (UTC)

Stray material

Someone put this

The 1980s Latin American debt crisis: the region experienced a significant economic depression due to the two oil crises of 1973 and 1979. In addition, floating interest rates (e.g. the Libor rate) on loan agreements went up following these oil price shocks. The supply of U.S. dollars in the international financial markets, broadly available after World War II, was channeled into OPEC countries when the oil prices went up in the 1970s. The reduced supply of dollars in the international debt markets pushed interest rates up on debt agreements. This chain of events contributed to a major increase in the international debt in Latin American countries in the 1970s and 1980s.

on the Dab Lost decade with this ref:

<ref>"The U.S. and Latin America: A Lost Decade?" by Margaret Daly Hayes, in Foreign Affairs, "America and the World, 1988/89", Vol. 68, N.1).</ref>

Neither such prose nor a ref is needed or acceptable on a Dab, but they may be of interest here.
--Jerzyt 06:25, 10 February 2009 (UTC)

References to the USA's financial crisis

In this Barrons interview with Ray Dalio entitled "Recession? No, its D-Process and it will be long" http://online.barrons.com/article/SB123396545910358867.html the financier asserts things that the USA's financial crisis and the Latin American debt crisis have in common.

I should greatly appreciate it if Wikipedia would expand this article and would try to link this article to its article on the US financial crisis and would try to discover those problems in common. This would help readers of the USA financial crisis article to look at Latin America's history to predict their own future. Thanks. rumjal 20:23, 27 February 2009 (UTC). —Preceding unsigned comment added by Rumjal (talkcontribs)

So exactly which countries were involved in the Latin American debt crisis?

So where is the list of countries were involved in the Latin American debt crisis? The prose does not make this clear. It does say that "Brazil, Argentina, and Mexico, borrowed huge sums of money from international creditors for industrialization; especially infrastructure programs." So which other coutries were involved? How large was the default for each of the countries that were involved? How much of the (now reduced) debt was subsequently paid back, or what part was redefaulted on in subsequent years? (e.g., Mexico in 1994). The "Current levels of external debt" section does list a bunch of Latin American countries in a 2006 context, and it lists their debt levels in 2006, but this, in and of itself, says nothing about which countries were involved in the circa 1980 debt crises, which one defaulted, in what amounts, etc.

In short, this article is definitely a mere STUB in quality, as reflected in the ratings of a couple of the WikiProjects above. However, the topic is way too important for Wikipedia to have such a poor article on the topic. Lots of work here. Cheers. N2e (talk) 23:35, 14 February 2011 (UTC)

Most importantly, the 2006 figures are worthless. Every country borrows money, you can look at Europe and US these are everyday borrowing. the 2006 figure doesnt distinguish between bonds that were sold between 1990s 2000, or if these are back loans from defaults of the 1980s. — Preceding unsigned comment added by 72.234.177.192 (talk) 00:26, 6 November 2011 (UTC)

Effects on lending banks?

In the "Effects" section, it says "Between 1982 and 1985, Latin America paid back 108 billion dollars." How much money did the lending institutions lose as a consequence of the crisis? Were the lending institutions primarily located in the U.S., in Europe or in Latin America? AxelBoldt (talk) 22:03, 24 March 2012 (UTC)


Brazil paid 2.7 billion in 2011

sources: http://www.bloomberg.com/news/2011-11-12/brazil-pays-2-7-billion-in-world-bank-debt-early-estado-says.html , http://topic.worlds-luxury-guide.com/article/03I2cQKg9u3Md?q=World+Bank , http://www.headlinenewsonline.com/headlinenews/news/brazil-pays-27-billion-in-world-bank-debt-early-estado-says ,

Is that the 211,400 million debt talked about in table of "Current levels of external debt" (Brazil's numbers are said to be from 30 June 2005 est.) ?

From Bloomberg: "The payment, combined with $3.1 billion paid in July, will cut the federal government’s debt with the bank to $500 million, the Sao Paulo-based newspaper reported." 85.164.32.191 (talk) 15:38, 6 May 2012 (UTC)

Impact of recent student edits

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Dictatorships

This is not entirely true: "One positive outcome of the debt crisis of the early 80s is that it led to the collapse of several authoritarian dictatorships in the region, such as Brazil's military regime." There is another reasons to that. Luís Felipe Braga 03:35, 17 March 2006 (UTC)

Agreed. How about this "One positive outcome of the debt crisis of the early 80s is that it contributed to the collapse of several authoritarian dictatorships in the region, such as Brazil's military regime." (without the bold, of course)? That would be more accurate. If you agree, go ahead and change, i don't want to change it unless you agree. --MateoP 03:51, 17 March 2006 (UTC)
I agree. Luís Felipe Braga 07:23, 19 March 2006 (UTC)
  • Isn't that statement as opinionated as one can get without openly advocating presidential candidates? Stevenmitchell (talk) 16:44, 4 November 2012 (UTC)