Colombian paper examines synchronisation of economic cycles in Latin America
Research analyses data from seven countries between 1980 and 2013
New research published by the Central Bank of Colombia finds there is "not a high" level of synchronisation between a sample of seven Latin American economies, while the "correlation coefficients" between them have declined further since 2012.
In Are economic cycle's synchronised in Latin America?, Juliana Ávila Vélez and Álvaro José Pinzón Giraldo analyse data from the period 1980-2013 in Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela, identifying four major recent crises in the
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