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The ongoing global turmoil represents a confluence of negative shocks for Latin America and the Caribbean: a freeze in global credit markets, weaker external demand, and lower commodity prices. But the region is expected to deal with these global shocks better than in previous crises, reflecting...
Persistent link: https://www.econbiz.de/10014405184
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014394317
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in...
Persistent link: https://www.econbiz.de/10014395232
The impact of the global financial crisis and recession on the Latin America and Caribbean region was substantial, but the worst is over for most countries. The region avoided falling into a crisis of its own, performing relatively well amid strong external shocks. Many countries have now...
Persistent link: https://www.econbiz.de/10014405568
report points to risks that the global financial stress could curtail capital flows to the region and world commodity prices …
Persistent link: https://www.econbiz.de/10014406219
In spite of a slower U.S. economy and recent market turbulence, growth in the Latin America and Caribbean region has continued at a robust pace. This reports explores the resilience of the LAC region to external shocks and the policy challenges involved in sustaining the region’s improved...
Persistent link: https://www.econbiz.de/10014406220
Despite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere cautions, however, that there are severe downside risks. A sharp slowdown in Asia, for...
Persistent link: https://www.econbiz.de/10014401911
KEY ISSUES Context. Since the mid-2000s, macroeconomic stability supported by high world commodity prices and active … above potential in 2014. Downside risks from weaker activity in trading partners or lower world hydrocarbon prices have … lending of the central bank to public corporations and gradually exiting the stabilized exchange rate regime. The authorities …
Persistent link: https://www.econbiz.de/10014394282
KEY ISSUES Context. Economic performance has been weak and public debt is high. Foreign reserves are under pressure as fiscal and external imbalances widened in 2012 and further in 2013. Recognizing the need for urgent action, the authorities announced ambitious budget consolidation proposals in...
Persistent link: https://www.econbiz.de/10014394294
Peru. The results of the study indicate asymmetries both in the Central Reserve Bank of Peru's reaction function and in the …
Persistent link: https://www.econbiz.de/10014394313