International liquidity and reflex cycle

Vol. 27 No. 1 (2007)

Jan-Mar / 2007
Published March 17, 2020
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Resende, Marco Flávio da Cunha, and Adriana Moreira Amado. 2007. “International Liquidity and Reflex Cycle: Some Observations to Latin America.”. Brazilian Journal of Political Economy 27 (1):41-59.

International liquidity and reflex cycle

some observations to Latin America.

Marco Flávio da Cunha Resende
Respectivamente, do CEDEPLAR/Departamento de Economia/UFMG
Adriana Moreira Amado
professora do Departamento de Economia da Universidade de Brasília
Brazilian Journal of Political Economy, Vol. 27 No. 1 (2007), Jan-Mar / 2007, Pages 41-59


The international financial instability of the 1990 has been analysed in several occasions on Minskyan perspectives. The paper is based on this theoretical approach and intends to demonstrate that the financial fragility hypothesis is very useful to the analysis of the cycle in peripheral economies, which real performance is associated to the availability of international liquidity. The analysis is based on three Latin American countries: Brazil, Argentina and Mexico.

JEL Classification: F32, F33, F43.

Keywords: international liquidity financial instability Minsky