Senior bankers, regulators, and well-known academics explain the behavior of different players. The book breaks new ground by showing in detail how such behavior has contributed to the decline of flows and their volatility....

Development has been elusive for Latin America in the 1990s. Notwithstanding tough neoliberal reforms, defeated hyperinflation, and large capital inflows, development of productive capacity and social equity shows a poor performance....

There is growing dissatisfaction with the economic policies advocated by many international financial institutions. This book presents an alternative to \"Washington Consensus\" neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries....

Articulate and provocative, Richardo Ffrench-Davis offers the most comprehensive and timely assessment available of Chilean economic reform, from the military dictatorship of Pinochet in the 1970s up to the \"reforms of reforms\" made by the democratic governments in the 1990s....