George Mason University Debt Crisis of The 1980s Discussion

Draw on Lectures 9&10 and associated readings. Discuss the debt crisis of the 1980s and the stabilization efforts that played out subsequently. Do some research on the debt crisis in your country and try to structure your paper around your country experience. Was it a typical example of these years in Latin America, or not so much? How did events unfold? Did commodity prices fall and foreign exchange dry up? Was there capital flight? (What is capital flight?) What was the inflation experience in the 1980s and 1990s? What was done to stabilize the macroeconomy? How was debt restructured?