LEADER 05320nam 2200649Ia 450 001 9910451847503321 005 20200520144314.0 010 $a1-4623-4249-3 010 $a1-4552-6436-9 010 $a1-283-53565-3 010 $a9786613848109 010 $a1-4623-8184-7 035 $a(CKB)2550000000102761 035 $a(EBL)1606394 035 $a(SSID)ssj0000674633 035 $a(PQKBManifestationID)11447313 035 $a(PQKBTitleCode)TC0000674633 035 $a(PQKBWorkID)10660922 035 $a(PQKB)10266131 035 $a(MiAaPQ)EBC1606394 035 $a(Au-PeEL)EBL1606394 035 $a(CaPaEBR)ebr10556840 035 $a(CaONFJC)MIL384810 035 $a(OCoLC)870244906 035 $a(EXLCZ)992550000000102761 100 $a20101218d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRegional economic outlook$b[electronic resource] $iWestern Hemisphere $ewatching out for overheating 210 $aWashington, D.C. $cInternational Monetary Fund$d2011 215 $a1 online resource (95 p.) 225 0$aWorld economic and financial surveys 300 $a"Apr 11." 311 $a1-61635-065-2 320 $aIncludes bibliographical references (p. 76-79). 327 $aCover; 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? 327 $a2. 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 Challenges 327 $a2.3. 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 Commodities 327 $aAnnex 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 Rate 327 $a3.5. 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 2011 330 $aDespite 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. 517 3 $aWestern Hemisphere 606 $aEconomic forecasting$zWestern Hemisphere 607 $aWestern Hemisphere$xEconomic conditions$y21st century 608 $aElectronic books. 615 0$aEconomic forecasting 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910451847503321 996 $aRegional economic outlook$91916023 997 $aUNINA