Financial Instability in Latin America:
A Minskian-Kaleckian Perspective
Tsuyoshi Yasuhara
STRUCTURAL TRANSFORMATION IN THE
BALANCE OF PAYMENT FOR LATIN AMERICA ( ...continuation )

Figure 1. Balance of Payments in Latin America, as a percentage of gdp (%)
Source: eclac. Preliminary Economic Balance of Latin America and the Caribbean 2011, p. 103; Preliminary Economic Balance of Latin America and the Caribbean 2005, p. 170; Economic Studies of Latin America and the Caribbean 2002-2003, p. 390.



Figure 2. Net Transfer of Resources and Excessive Savings as a Percentage of gdp (%)
Source: eclac. Preliminary Economic Balance of Latin America and the Caribbean 2011, p. 103; Preliminary Economic Balance of Latin America and the Caribbean 2005, p. 170; Economic Studies of Latin America and the Caribbean 2002-2003, p. 390.



Figure 3. Fixed Investment and Domestic Savings, as a Percentage of gdp (%)
Source: eclac. Preliminary Economic Balance of Latin America and the Caribbean 2011, p. 103; Preliminary Economic Balance of Latin America and the Caribbean 2005, p. 170; Economic Studies of Latin America and the Caribbean 2002-2003, p. 390.