Front Matter
Author: Mr. R. G Geloshttps://orcid.org/0000-0003-4362-676X
Language:
English
Keywords:
BOOK; dollarization; current account; current account balance; deposit dollarization; reserve-to-GDP ratio; exchange rate appreciation; dollarization ratio; primary expenditure; Central America; Caribbean; Global; Africa; East Asia; Real exchange rates; Dutch disease; Exchange rate flexibility; Current account balance; U.S. dollar; foreign currency
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Abstract

Managing Economic Volatility in Latin America

Title Page

Managing Economic Volatility in Latin America

EDITORS

Gaston Gelos and Alejandro Werner

Copyright

©2014 International Monetary Fund

Cataloging-in-Publication Data

Joint Bank-Fund Library

Managing economic volatility in Latin America / edited by Gaston Gelos and Alejandro Werner. – Washington, D.C.: International Monetary Fund, c2014.

pages; cm

Includes bibliographical references and index.

1. Capital movements – Latin America. 2. Foreign exchange reserves – Latin America. 3. Foreign exchange rates – Latin America. 4. Fiscal policy – Latin America. 5. Monetary policy – Latin America. I. Gelos, Gaston. II. Werner, Alejandro M. III. International Monetary Fund.

HG3891.M36 2014

ISBN: 978-1-48436-498-7

Disclaimer: The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.

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Contents

  • Introduction

  • Gaston Gelos and Alejandro Werner

  • PARTI I | CAPITAL FLOWS AND DUTCH DISEASE

  • 1 | Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth

    • Nicolás Magud and Sebastián Sosa

  • PART II | ASSESSING RESERVE ADEQUACY AND CURRENT ACCOUNT LEVELS

  • 2 | International Reserve Adequacy in Central America

    • Kristin Magnusson Bernard

  • 3 | Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach

    • Roberto Perrelli

  • PART III | THE ROLE OF MACROPRUDENTIAL POLICIES AND EXCHANGE RATE REGIMES

  • 4 | Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls

    • Roberto Benelli, Alex Segura-Ubiergo, and W. Christopher Walker

  • 5 | The Impact of External Developments on Emerging Market and Developing Economies: The Role of Exchange Rate Flexibility

    • Jorge Iván Canales-Kriljenko

  • PART IV | FISCAL POLICY

  • 6 | Public Debt Targeting: An Application to Caribbean Countries

    • Alejandro Guerson and Giovanni Melina

  • PART V | MONETARY POLICY AND DEDOLLARIZATION

  • 7 | What Is Driving Financial Dedollarization in Latin America?

    • Mercedes García-Escribano and Sebastián Sosa

  • 8 | Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies

    • Santiago Acosta-Ormaechea and David Coble

  • Index

Cover Managing Economic Volatility in Latin America
Managing Economic Volatility in Latin America
Author: Mr. R. G Geloshttps://orcid.org/0000-0003-4362-676X
ISBN:
9781484364987
Publication Date:
27 Mar 2014
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484364987.071
Pages:
202