Umfang:
Online-Ressource (23 S.)
,
graph. Darst.
ISBN:
9781475550214
Serie:
IMF working paper 13/259
Inhalt:
This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level of reserves, and a bit of luck coming from very high terms of trade, were central to good economic performance. Persevering along the road of strong macroeconomic and financial policies is necessary, but not sufficient, to go from recovery to sustained growth
Anmerkung:
Description based upon print version of record
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Cover; Contents; I. Introduction; II. The Resilience of Emerging Market Economies; III. Resilient Financial System; IV. The Accumulation of International Reserves; V. Final Remarks; References; Figure; 1. Gross Public Debt 2008; 2. Monetary Policy Interest Rates; 3. Monetary and Fiscal Stimulus; 4. Exchange Rates during the Global Financial Crisis; 5a,b. Terms of Trade; 6. Banks' Capital Ratios; 7. Private Credit as Share of GDP; 8. Quarterly Change in Cross-Border Claims on Latin America and Asia; 9. Foreign Claims of BIS Reporting Banks; 10. Composition of Foreign Claims
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11. International Reserves
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Systemvoraussetzungen: Acrobat Reader.
Weitere Ausg.:
9781475550214
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies
Sprache:
Englisch
Schlagwort(e):
Electronic books
;
Arbeitspapier
;
Graue Literatur
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