Abstract
This article aims to analyze the implications brought to Latin America transformations in the world economy, in particular those relating to monetary and financial sector and changes in commodity prices. To perform this analysis, we have selected economies by four Latin American countries considered the four major economies in the region: Argentina, Brazil, Colombia and Mexico. The hypothesis of this paper is that the transmission channel of monetary and financial instability globally to Latin America varies from country to country depending on the production structure and the way of integration into the world economy. So while in some cases the fall in international oil prices is critical, another over exposure to the behavior of US monetary policy is a central factor, while financial instability and domestic policy plays a central role in one particular case.
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