1. Structural Adjustments and Temporal Adjustments

2. Latin American stereotypes Left-leaning populists have been replaced by neo-liberals. Left-leaning populists have been replaced by neo-liberals. Although a paradigm shift, it may not be long-lasting and obscures more subtle changes. Great macroeconomic instability, associated with political and administrative turnover. Great macroeconomic instability, associated with political and administrative turnover. Recessions are becoming shorter. Repeated and general defaults in the 20 th C. Only Argentina, Venezuela and Ecuador did so.

3. Volatility Volatility: Readiness to vaporize or evaporate; adaptability for flight; capacity for ready or rapid movement.

4. Default Default: Failure to meet financial engagements.

5. Basis points Basis points: Financial unit equal to 1/100th of 1%, used to denote the change in magnitude of a financial instrument. Example: The Fed cut its interest-rate target from 6.5% to 6% (a drop of 50 basis points)

6. References All definitions from: Oxford English Dictionary (online) http://dictionary.oed.com And Encyclopædia Britannica Online (academic edition) http://search.eb.com/