The Vulnerability and Resiliency of Latam Countries to Global Shocks: The 2008-2009 Global Recession Case

Abstract

In November 2009, Professor Morss taught a course at the University of Palermo Business School on the global recession. Students were required to write a paper on how an individual Latin American country had been affected by the Western banking collapse and the global recession. This paper summarizes the findings in those papers and goes further to analyze in more detail how the countries were affected by these two external shocks. Some results and data is not identical to the student’s papers because we updated all the information. We include the student’s papers at the final of the background papers. Ecuador and Mexico cases were written by Diego H. Gauna and Elliott R. Morss.