We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized …

This paper quantifies financial spillovers from global risk factors to banks’ funding costs in Chile. It decomposes … average, global spillovers pushed up bank bond and interbank spreads in Chile by about 50 basis points in 2008–12. While in …

The report discusses the important role of the Flexible Credit Line (FCL) in helping Mexico to survive in the fragile … global economic environment. The FCL’s contribution in maintaining an orderly financial market in Mexico is noteworthy. IMF … staff reaffirms their commitment toward Mexico in taking the necessary actions to manage unforeseen risks. According to the …

buffer against risks that erupted during the global economic crisis. Mexico has been identified as a prudent and fairly well …

This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule … source of income for the Philippines is the labor export. This large-scale labor emigration fetches a sufficient amount of …

Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …