05320nam 2200649Ia 450 991045184750332120200520144314.01-4623-4249-31-4552-6436-91-283-53565-397866138481091-4623-8184-7(CKB)2550000000102761(EBL)1606394(SSID)ssj0000674633(PQKBManifestationID)11447313(PQKBTitleCode)TC0000674633(PQKBWorkID)10660922(PQKB)10266131(MiAaPQ)EBC1606394(Au-PeEL)EBL1606394(CaPaEBR)ebr10556840(CaONFJC)MIL384810(OCoLC)870244906(EXLCZ)99255000000010276120101218d2011 uy 0engurcn|||||||||txtccrRegional economic outlook[electronic resource] Western Hemisphere watching out for overheatingWashington, D.C. International Monetary Fund20111 online resource (95 p.)World economic and financial surveys"Apr 11."1-61635-065-2 Includes bibliographical references (p. 76-79).Cover; Contents; Preface; Executive Summary; 1. Global, U.S., and Canadian Outlook; 1.1. The Global Outlook-A Dual Speed Expansion Proceeds with Increasing Risks; Advanced Economies; Emerging Market Economies; 1.2. United States-Ongoing Recovery with Downside Risks; Boxes; 1.1. Long-Term Outlook for the U.S. Federal Government Finances; What Kinds of Policies Are Needed?; 1.2. Household Deleveraging in the United States; 1.3. Canada-Recovery Gathers Strength; 1.4. Implications for the Latin American and Caribbean Region; 1.3. Canada's Financial System Resilience: What Can Others Learn?2. Outlook and Policy Issues for Latin America and the Caribbean 2.1. Overview; 2.2. Policy Challenges; South America-Managing Double Tailwinds; 2.1. Changing Export Patterns in Latin America and the Caribbean; South America-The Less Financially Integrated Commodity Exporters; 2.2. An Update on Macroprudential Policies; Mexico and Central America-Rebuilding Policy Buffers; The Caribbean-Recovery Beginning Amid High Debt; 2.3. Haiti: Economic Developments since the January 2010 Earthquake; 2.4. Caribbean Offshore Financial Centers: Opportunities and Challenges2.3. Dealing with the Oil and Food Price Shock Impact of Global Commodity Price Shocks on Inflation; Monetary Policy in the Face of Commodity Price Shocks; Social Policies and Commodity Price Shocks: Protecting the Poor; 2.5. The Information Value of Core Inflation; 2.4. Credit Markets and Asset Prices-Are Bubbly Conditions Taking Hold?; Bank Credit Growth; Corporate Indebtedness; Equity Prices; Housing Prices; 2.5. Capital Inflows-Guarding Against the Reversal of Favorable Global Conditions; 2.6. Stock Market Developments in the Region: The Role of CommoditiesAnnex 2.1. Estimating Inflation Pass-Throughs 3. Foreign Exchange Market Intervention: How Good a Defense Against Appreciation Winds?; 3.1. Introduction; 3.2. Key Trends; 3.1. Actual Intervention and Changes in Gross International Reserves; 3.3. Modalities of Intervention; 3.2. Foreign Exchange Intervention Rules in Practice: Selected Latin American Experiences; 3.3. Instruments for Foreign Exchange Purchases; 3.4. Searching for Effects of Intervention: New Evidence; An Econometric Panel Approach; 3.4. Channels of Transmission of Foreign Exchange Intervention to the Exchange Rate3.5. Overview of Recent Empirical Studies on Foreign Exchange Intervention in Latin America 3.5. Quasi-Fiscal Costs of FXI; 3.6. Takeaways and Policy Considerations; Annex 3.1. Foreign Exchange Intervention and International Reserves: Data Availability; Annex 3.2. Methodological Strategy for the Panel Approach; Annex 3.3. Confidence Intervals for the Synthetic Currency; Western Hemisphere: Main Economic Indicators; Latin America and the Caribbean: Main Fiscal Indicators; References; New Publications from the Western Hemisphere Department, July 2009-April 2011Despite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere cautions, however, that there are severe downside risks. A sharp slowdown in Asia, for example in response to a recession in advanced economies, could impact commodity prices, with negative effects on Latin American commodity exporters. With global monetary policy likely to remain accommodative, capital flows could exacerbate overheating and amplify vulnerabilities in emerging markets.Western HemisphereEconomic forecastingWestern HemisphereWestern HemisphereEconomic conditions21st centuryElectronic books.Economic forecastingInternational Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910451847503321Regional economic outlook1916023UNINA