1.

Record Nr.

UNINA9910817783803321

Autore

Gelos Gaston

Titolo

Managing Economic Volatility in Latin America / / Gaston Gelos

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4843-0696-1

1-4843-7713-3

1-4755-6596-8

Edizione

[1st ed.]

Descrizione fisica

1 online resource (204 p.)

Disciplina

332.042

Soggetti

Capital movements - Latin America

Foreign exchange reserves - Latin America

Foreign exchange rates - Latin America

Fiscal policy - Latin America

Monetary policy - Latin America

Exports and Imports

Foreign Exchange

Money and Monetary Policy

Public Finance

Economic Theory

Banks and Banking

Debt

Debt Management

Sovereign Debt

International Investment

Long-term Capital Movements

Current Account Adjustment

Short-term Capital Movements

Resource Booms

Monetary Systems

Standards

Regimes

Government and the Monetary System

Payment Systems

Currency

Foreign exchange

International economics

Public finance & taxation

Monetary economics



Economic theory & philosophy

Macroeconomics

Public debt

Real exchange rates

Dutch disease

Current account balance

Expenditure

Economic theory

Balance of payments

Exchange rate flexibility

Debts, Public

Capital movements

Economic forecasting

Uruguay

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

Cover; Contents; Introduction; PART I: CAPITAL FLOWS AND DUTCH DISEASE; 1 Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth; PART II: ASSESSING RESERVE ADEQUACY AND CURRENT ACCOUNT LEVELS; 2 International Reserve Adequacy in Central America; 3 Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach; PART III: THE ROLE OF MACROPRUDENTIAL POLICIES AND EXCHANGE RATE REGIMES; 4 Brazil's Experience in Managing Capital Inflows: The Role of Capital Controls

5 The Impact of External Developments on Emerging Market and Developing Economies: The Role of Exchange Rate Flexibility PART IV: FISCAL POLICY; 6 Public Debt Targeting: An Application to Caribbean Countries; PART V: MONETARY POLICY AND DEDOLLARIZATION; 7 What Is Driving Financial Dedollarization in Latin America?; 8 Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies; Index;

Sommario/riassunto

How has Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis? Managing Economic Volatility in Latin America looks at how the region has fared in recent years in an environment of uncertainty. It presents a collection of novel contributions on capital flows, terms of trade, and macroeconomic policy in Latin America. The rigorous expert analysis offers an up-to-date guide to many of the key economic policy questions in the region. Chapters focus on important analytical issues, including assessing reserves adequacy and current account levels. The roles of macroeconomic policies and exchange rates regimes in coping with large capital inflows are examined, as well as the effectiveness of both monetary policy and fiscal policy in dealing with economic challenges in  the region.