04487nam 2200745 450 991045570840332120200520144314.01-4552-2666-11-4527-7858-21-283-53670-61-4519-7754-99786613849151(CKB)2470000000001376(EBL)1608488(SSID)ssj0000470542(PQKBManifestationID)11312100(PQKBTitleCode)TC0000470542(PQKBWorkID)10412509(PQKB)11141156(MiAaPQ)EBC1608488(Au-PeEL)EBL1608488(CaPaEBR)ebr10300272(OCoLC)796031523(EXLCZ)99247000000000137620151126h20072007 uy 0engur|n|---|||||txtccrRegional economic outlookWestern Hemisphere /International Monetary FundWashington, District of Columbia :International Monetary Fund,2007.©20071 online resource (85 p.)World Economic and Financial Surveys"November 2007."1-58906-672-3 Includes bibliographical references.Cover; Contents; Preface; Executive Summary; I. The Global Economy and the Outlook for the United States and Canada; Global Outlook; Outlook for the United States and Canada; Boxes; 1. Recent Financial Market Turmoil: What Happened, and Why?; II. The Outlook for Latin America and the Caribbean; Overall Developments and Prospects; 2. Latin America's Cyclical Position; Financial Sector Developments; External Developments; Monetary and Exchange Rate Policies; 3. Trends in Latin America's Balance of Payments; 4. Real Exchange Rate and Competitiveness; 5. Optimal Prudential Reserve Levels6. Effectiveness of Central Bank Intervention-Evidence from Colombia 23Fiscal Policy; Social Policies; 7. Escaping Poverty in Latin America; III. How Resilient Is Latin America's Expansion?; Channels of Transmission; 8. Are Remittances to Latin America Influenced by the U.S. Business Cycle?; 9. Will the U.S. Subprime Crisis Affect Bank Lending in Latin America?; Scenario Analysis; Conclusions; IV. Revenue Growth and the Strength of Underlying Fiscal Positions; Structural Commodity Revenues; Structural Noncommodity Revenues; Expenditures; Structural Primary Balances; Conclusions; AppendixV. Financial Sector Development in Latin America: Recovery or Overheating?Financial Deepening or Bubbles; Credit Boom or Recovery; 10. Derivatives Markets in Latin America; Regulatory Responses and Options; Conclusions; Appendix; VI. Caribbean Economic Outlook and Integration Issues; Recent Developments and Economic Outlook; Regional Integration Issues; Financial Integration; Tax Incentives and Investment; Trade Preference Erosion; Conclusions; Table; Financial Sector Overview, 2006; ReferencesIn spite of a slower U.S. economy and recent market turbulence, growth in the Latin America and Caribbean region has continued at a robust pace. This reports explores the resilience of the LAC region to external shocks and the policy challenges involved in sustaining the region's improved fundamentals. The analysis focuses, in particular, on real and financial linkages with the United States, the strength of underlying fiscal positions, and the sustainability of the ongoing credit boom.World economic and financial surveys.Economic forecastingNorth AmericaEconomic forecastingLatin AmericaEconomic forecastingCaribbean AreaNorth AmericaEconomic conditionsLatin AmericaEconomic conditions1982-Caribbean AreaEconomic conditions1945-North AmericaEconomic conditionsStatisticsLatin AmericaEconomic conditions1982-StatisticsCaribbean AreaEconomic conditions1945-StatisticsElectronic books.Economic forecastingEconomic forecastingEconomic forecasting337.17International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910455708403321Regional economic outlook1916023UNINA