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Managing Economic Volatility in Latin America

Managing Economic Volatility in Latin America »

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

DOI: http://dx.doi.org/10.5089/9781484364987.071

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

How has Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis? Managing Economic Volatility in Latin America looks at how the region has fared in rece...

Chapter 1. Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth

Chapter 1. Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

In response to expansionary monetary policy in advanced economies following the 2008–09 global financial crisis, interest rate differentials have triggered a surge in capital inflows to emerging market count...

Chapter 2. International Reserve Adequacy in Central America

Chapter 2. International Reserve Adequacy in Central America »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

International reserve accumulation has recently grown rapidly, reaching 17 percent of global GDP in 2011, which represents a fourfold increase over 10 years. During this time, emerging market holdings rose t...

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

A key tool to assess the equilibrium exchange rate is based on the estimation of the savings-investment balance (current account norms). These norms are projected on a set of macroeconomic fundamentals and d...

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

This chapter presents Brazil’s experience in managing capital flows. It discusses the Brazilian authorities’ use of a broad range of instruments to deal with capital inflows, including foreign exchange (FX)...

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

Chapter 5. The Impact of External Developments on Emerging Market and Developing Economies: The Role of Exchange Rate Flexibility »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

External macroeconomic and financial conditions significantly affect domestic macroeconomic and financial outcomes in emerging market and developing economies. These external conditions go through cyclical m...

Chapter 6. Public Debt Targeting: An Application to Caribbean Countries

Chapter 6. Public Debt Targeting: An Application to Caribbean Countries »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

It is a well-established fact in the international finance literature that developments in international financial markets can be a source of instability, and can amplify real shocks (see, for example, Kamin...

Chapter 7. What Is Driving Financial Dedollarization in Latin America?

Chapter 7. What Is Driving Financial Dedollarization in Latin America? »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

Financial dollarization—the process in which a large share of residents’ assets and liabilities are denominated in U.S. dollars—has been a distinguishing feature of the banking sect...

Chapter 8. Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies

Chapter 8. Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

The study of the transmission of monetary policy in both advanced and developing economies has been the objective of numerous papers in recent years. This monetary transmission is broadly conceived as the an...

Part I: Capital Flows and Dutch Disease

Part I: Capital Flows and Dutch Disease »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

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