This paper investigates the nature of volatility spillovers between stock returns and a number of exchange rates in six Latin American countries and one European economy in the 1998-2006 period. We divide our sample into sub periods, prior to and after the introduction of the Euro and we apply...

The Chinese economy has become one of the most important consumers of a broad range of commodities. This work aims at measuring the impact of China’s expansion on commodity prices and illustrate its effect on Latin American economies. It is found a positive and significant relation between...

This paper analyzes the evolution of fear of floating (FOF) and its effect on output in Chile, Colombia and Mexico. It shows that there has been a gradual rise in exchange-rate volatility as the period of floating lengthens in each country. The paper analyzes the implications of this evolution...

The coronavirus disease (COVID-19) pandemic has had an unprecedented impact in Latin America and the Caribbean. It has become the worst economic and social crisis in a century and has exposed significant structural gaps in the region’s development model. A profound transformation is necessary,...

The region of Latin America and the Caribbean has been working for two years within the Forum framework to forge a regional approach, shared among the countries and aimed at setting its own course for implementing the 2030 Agenda. This annual report on regional progress and challenges explores...

In May 2016, at the thirty-sixth session of the Economic Commission for Latin America and the Caribbean (ECLAC), held in Mexico City, the Commission’s member States adopted resolution 700 (XXXVI), the Mexico Resolution, which established the Forum of the Countries of Latin America and the...

Rapid population ageing in Latin America and the Caribbean brings multiple challenges and requires action to ensure the fair distribution of resources to meet the needs of all age groups in society. It also requires a change in attitudes, policies and practices to improve older persons’...