Financial distress in Latin America and the Caribbean during the COVID-19 pandemic: coping mechanisms and unfolding consequences
Financial distress in Latin America and the Caribbean during the COVID-19 pandemic: coping mechanisms and unfolding consequences
January 11, 2023
This note focuses on the consequences of financial distress undergone by households in LAC during the COVID-19 pandemic and the different strategies they put in place to cope with hardship.
It aims to shed light on the role of behavioral responses in determining welfare effects in the advent of a post-pandemic future.