jan 1, 1891 - The Baring Crisis and the Great Latin American Meltdown
Description:
The Baring Crisis is the most prominent sovereign debt crisis. "During the crisis, Latin American yield spreads increased by more than 200 basis points relative to the rest of the world, even after controlling for macroeconomic, trade, political-institutional factors, and other country-specific effects. Our evidence suggests that European investors may have sold off or reduced their holdings of Latin American securities in the wake of the Baring Crisis".Added to timeline:
Date:
jan 1, 1891
Now
~ 133 years ago
