Capital markets: Latin America resilient, if not decoupled

Mexico’s century bond a good omen; Region expected to outperform even in a recession

The turbulence in the global capital markets in August was the first real test since the crisis of 2008 as to whether Latin America had decoupled its economic fortunes from the developed economies of the US and Europe.

Those who argue that the region is more than at any other time in its history insulated from the harsh winds blowing from the developed economies point to the transaction by Mexico last month in which it tapped its century bond for another $1 billion.