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Journals / Anadolu Üniversitesi Sosyal Bilimler Dergisi / 2014 / Cilt: 14 - Sayı: 1

Latin Amerika borçkKrizi ve Avrupa için çıkarılacak dersler

The Latin American debt crisis andlLessons for Europe

Derya YILMAZ
Emin ERTÜRK
Pages
159–174
Publication Date
2022-10-11
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Policy choices for the future of the EMU will also be assessed as a conclusion.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the1970s, Latin American countries with the help of global conditions, financed generous social expendi- tures by foreign credit.
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Key Findings & Data:At the beginning of the1980s, interest rates skyrocketed in developed countries as a consequence of stringent monetary policies.
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Conclusion & Impact:Policy choices for the future of the EMU will also be assessed as a conclusion.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In the1970s, Latin American countries with the help of global conditions, financed generous social expendi- tures by foreign credit. At the beginning of the1980s, interest rates skyrocketed in developed countries as a consequence of stringent monetary policies. Servicing enormous debt became problematic for Latin Ameri- can countries. Multinational banks had considerable claims so international coordination was provided. La- tin America spent years in negotiations resulting in a lost decade for the region. Today debt is the most chal- lenging issue for Europe. Greece, Portugal and Ireland are facing problems while servicing their debts. The probability of those countries default and spread to the giant European economies undermines the credibility of all European countries. Indeed, this has become a threat for the viability of the EMU. In this study with respect to the Latin American experience, the European debt crisis is evaluated. Policy choices for the future of the EMU will also be assessed as a conclusion.

Özet

1970lerde tüm dünyada ortaya çıkan kredi genişleme- sinden Latin Amerika ülkeleri de nasibini almış, artan sosyal harcamalarını yabancı kredilerle finanse etmiş- lerdir. 1980lerle birlikte uygulanan sıkı para politikala- rı sonucu gelişmiş ülkelerde faiz oranları önemli ölçüde artmıştır. Sonuçta; Latin Amerika ülkeleri için borcun servisini gerçekleştirmek sıkıntılı olmaya başlamıştır. Çokuluslu bankalar, önemli alacaklara sahip oldukla rından uluslararası koordinasyon kolayca sağlanmıştır. Ancak Latin Amerika bu müzakerelere yıllar harcamış ve bu yıllar bölgede kayıp on yıl olarak adlandırıl- maya başlanmıştır. Bu gün ise borç başka bir kıtada önemli bir sorun haline gelmiştir. Bazı Avrupa ülkeleri borç servislerini gerçekleştirme de sıkıntılar yaşamak- tadır. Bu ülkelerin iflası ve büyük ülkelere sıçrama ihti- mali tümbirlik ülkelerinin kredibilitesini sarsmaktadır. Bu durum Ekonomik ve Parasal Birlik(EPB)in devamı için de tehdit oluşturmaktadır. Bu çalışmada öncelikle Latin Amerikanın yaşadığı borç tecrübesi ele alınacak, buradan alınan dersle Avrupa borç krizi incelenecektir. Sonuç olarak ise parasal birliğin geleceği için olası poli- tika seçenekleri değerlendirilecektir.

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Cite This Article

YILMAZ, D., ERTÜRK, E. (2022). Latin Amerika borçkKrizi ve Avrupa için çıkarılacak dersler. Anadolu Üniversitesi Sosyal Bilimler Dergisi, Cilt: 14 - Sayı: 1, 159–174. https://ajindex.com/articles/438781

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