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Real Macroeconomic Stability and the Capital Account in Chile and Colombia

Ricardo
Ffrench-Davis
Leonardo
Villar-Gómez
Jueves, 1 Julio 2004

In 1995, when contagion from the tequila crisis was spreading in Latin America, both Chile and Colombia were exempt from contagion and presented high rates of economic growth. Several analysts attribute this positive performance to the fact that both had