07714oam 22016454 450 991096413570332120250426110813.09781475543810147554381697814755720181475572018(CKB)2670000000234725(EBL)1587746(SSID)ssj0000817873(PQKBManifestationID)11460608(PQKBTitleCode)TC0000817873(PQKBWorkID)10831476(PQKB)11171853(Au-PeEL)EBL1587746(CaPaEBR)ebr10590657(OCoLC)843055302(IMF)CACPEE(IMF)CACPEA(MiAaPQ)EBC1587746(Perlego)1667371CACPEA(EXLCZ)99267000000023472520020129d2012 uf 0engur|n|---|||||txtccrCentral America, Panama, and the Dominican Republic : Challenges Following the 2008-09 Global Crisis: Challenges Following the 2008-09 Global Crisis /Marco Piñón-Farah, Alejandro Lopez Mejia, M. (Mario) Garza, Fernando Delgado1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (462 p.)Includes index.9781616353780 1616353783 9781475568738 1475568738 Cover Page; Title Page; Copyright Page; Contents; Structural Reforms; Fiscal Policy; Monetary Policy and Bank Supervision; Foreword; Overview; Abbreviations; Part I: Central America, Panama, And The Dominican Republic Before And During The Global Financial Crisis; 1 External Linkages and Economic Integration as of 2009; 2 The 2008-09 Global Crisis: Impact, Policy Responses, and the Role of the IMF; Part II Policy Challenges: A View From 2011; 3 The Challenge of Boosting Growth; 4 A Framework for Assessing the Level of Public Debt; 5 The Fiscal Position: Prospects and Options for Adjustment6 Monetary Policy Frameworks7 Official Dollarization in El Salvador as an Alternative Monetary Framework; 8 The Effectiveness of Monetary Policy; 9 Financial Supervision and Macroprudential Policies; Contributors; Index; External Linkages and Economic Integration as of 2009; Footnotes; The 2008-09 Global Crisis: Impact, Policy Responses, and the Role of the IMF; The Challenge of Boosting Growth; A Framework for Assessing the Level of Public Debt; The Fiscal Position: Prospects and Options for Adjustment; Monetary Policy FrameworksOfficial Dollarization in El Salvador as an Alternative Monetary FrameworkThe Effectiveness of Monetary Policy; Financial Supervision and Macroprudential PoliciesCentral America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.BooksGlobal Financial Crisis, 2008-2009BankingimfBanks and BankingimfBanks and bankingimfBanksimfCentral bank policy rateimfCurrenciesimfDebt ManagementimfDebtimfDebts, PublicimfDepository InstitutionsimfDollarizationimfFinance: GeneralimfFinancial services law & regulationimfFinancial servicesimfForeign ExchangeimfGovernment and the Monetary SystemimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfMacroeconomicsimfMicro Finance InstitutionsimfMonetary economicsimfMonetary policy frameworksimfMonetary PolicyimfMonetary policyimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfMortgagesimfPayment SystemsimfPublic debtimfPublic finance & taxationimfPublic FinanceimfRegimesimfRevenue administrationimfRevenueimfSovereign DebtimfStandardsimfState supervisionimfTaxation, Subsidies, and Revenue: GeneralimfCentral AmericaEconomic conditionsDominican RepublicimfGlobal Financial Crisis, 2008-2009.BankingBanks and BankingBanks and bankingBanksCentral bank policy rateCurrenciesDebt ManagementDebtDebts, PublicDepository InstitutionsDollarizationFinance: GeneralFinancial services law & regulationFinancial servicesForeign ExchangeGovernment and the Monetary SystemInterest ratesInterest Rates: Determination, Term Structure, and EffectsMacroeconomicsMicro Finance InstitutionsMonetary economicsMonetary policy frameworksMonetary PolicyMonetary policyMonetary SystemsMoney and Monetary PolicyMoneyMortgagesPayment SystemsPublic debtPublic finance & taxationPublic FinanceRegimesRevenue administrationRevenueSovereign DebtStandardsState supervisionTaxation, Subsidies, and Revenue: General332.1Piñón-Farah Marco1809392Delgado Fernando270115Garza M. (Mario)1809393Lopez Mejia Alejandro1147222International Monetary Fund.DcWaIMFBOOK9910964135703321Central America, Panama, and the Dominican Republic4368534UNINA