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immediately preceding the recent “heterodox” attempts at stabilization in Argentina, Brazil, and Israel. An attempt is made to …
Persistent link: https://www.econbiz.de/10014396235
Domestic and external factors combined to bring about the loss of confidence in Argentina that triggered the debt … default and the crisis. Restoring confidence in legal certainty has been a major challenge for Argentina. The fiscal program …
Persistent link: https://www.econbiz.de/10014406580
In 1999, the economy of Argentina was affected owing to recession. More than half of the external account deficit was …
Persistent link: https://www.econbiz.de/10014401790
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …
Persistent link: https://www.econbiz.de/10014402930
This paper surveys the fiscal landscape of Latin America. It analyzes external and domestic factors that over the years led to the deterioration of the fiscal accounts. It also discusses difficulties that are encountered in pursuing a sound fiscal policy under inflationary conditions. Issues...
Persistent link: https://www.econbiz.de/10014396055
Brazil. The 2012 Article IV Consultation highlights that financial stability in Brazil has been underpinned by a strong …
Persistent link: https://www.econbiz.de/10014395436
Uruguay has consolidated economic gains, supported by strong macroeconomic policies and a broadly favorable external …
Persistent link: https://www.econbiz.de/10014402453
After the recession, Uruguay continued to face difficult economic conditions under the Stand-By Arrangement. Executive … Directors emphasized the need to promote sustainable growth with low inflation and high employment. They welcomed Uruguay …
Persistent link: https://www.econbiz.de/10014407685
ahead. Uruguay’s near-term economic prospects are generally favorable. The main short-term challenge is rising inflation in …
Persistent link: https://www.econbiz.de/10014405450
This 2008 Article IV Consultation highlights that the Chilean economy has proved resilient in the face of strong economic and financial headwinds during the past year. Rising world prices for energy and food have been exacerbated by drought and a tight domestic energy situation. The government...
Persistent link: https://www.econbiz.de/10014402896