06493oam 22013574 450 991078074290332120230721024309.01-4552-2666-11-4527-7858-21-283-53670-61-4519-7754-99786613849151(CKB)2470000000001376(EBL)1608488(SSID)ssj0000470542(PQKBManifestationID)11312100(PQKBTitleCode)TC0000470542(PQKBWorkID)10412509(PQKB)11141156(MiAaPQ)EBC1608488(Au-PeEL)EBL1608488(CaPaEBR)ebr10300272(OCoLC)796031523(IMF)REOWHDEE2007002(IMF)REOWHDEA2007002(EXLCZ)99247000000000137620020129d2007 uf 0engur|n|---|||||txtccrRegional Economic Outlook, November 2007, Western HemisphereWashington, D.C. :International Monetary Fund,2007.1 online resource (85 p.)Regional Economic Outlook"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.Regional Economic Outlook; November 2007Economic forecastingNorth AmericaEconomic forecastingLatin AmericaEconomic forecastingCaribbean AreaExports and ImportsimfFinance: GeneralimfInflationimfMacroeconomicsimfMoney and Monetary PolicyimfCommodity MarketsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFiscal PolicyimfPrice LevelimfDeflationimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary economicsimfFinanceimfInternational economicsimfPublic finance & taxationimfCurrencyimfForeign exchangeimfCommodity pricesimfCreditimfFiscal stanceimfExchange ratesimfPricesimfMoneyimfFiscal policyimfFinancial services industryimfInternational financeimfNorth AmericaEconomic conditionsLatin AmericaEconomic conditions1982-Caribbean AreaEconomic conditions1945-North AmericaEconomic conditionsStatisticsLatin AmericaEconomic conditions1982-StatisticsCaribbean AreaEconomic conditions1945-StatisticsUnited StatesimfEconomic forecastingEconomic forecastingEconomic forecastingExports and ImportsFinance: GeneralInflationMacroeconomicsMoney and Monetary PolicyCommodity MarketsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFiscal PolicyPrice LevelDeflationGeneral Financial Markets: General (includes Measurement and Data)Monetary economicsFinanceInternational economicsPublic finance & taxationCurrencyForeign exchangeCommodity pricesCreditFiscal stanceExchange ratesPricesMoneyFiscal policyFinancial services industryInternational finance337.17International Monetary Fund.DcWaIMFBOOK9910780742903321Regional Economic Outlook, November 2007, Western Hemisphere3807542UNINA