Latin America: Will the Chickens Come Home to Roost?

Analysis of Latin American equities a year after the Asian crisis.Over the past year, the slowdown of the Israeli economy has heated the debate between the “Keynesian” industrialists and their “monetarists” foes at the central bank – one arguing for looser monetary policy, the other for a tighter one. As it turns out, both sides insist on ignoring far more fundamental issues: demographics and the peace process.