Protected from the subprime chaos

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It was a most unusual reversal. Across markets worldwide, asset prices were in freefall. But contrary to many financial crises in the past quarter of a century, this time the firestorm had its origin elsewhere.

In the aftermath of the US subprime mortgage meltdown, Latin America is limping like markets everywhere. But the damage so far seems contained and although certain countries - Argentina, Ecuador and Venezuela - have been hit harder, for the most part the region can boast unprecedented

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