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Will You Buy My Peg? the Credibility of a Fixed Exchange Rate Regime As a Determinant of Bilateral Trade
Jurzyk, Emilia Magdalena; Fritz-Krockow, Bernhard - International Monetary Fund (IMF) - 2004
This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …
Persistent link: https://www.econbiz.de/10005768826
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Did Export Diversification Soften the Impact of the Global Financial Crisis?
Romeu, Rafael; Neto, Nelson Camanho da Costa - International Monetary Fund (IMF) - 2011
This study considers the role of export diversification in determining trade outcomes during the global financial … trade model is adapted with trade diversification as an additional trade cost, and the model solution is empirically tested … significantly affect the resilience of Latin American countries’ trade during the global financial crisis - increasing the …
Persistent link: https://www.econbiz.de/10009019592
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Recession and policy transmission to Latin American tourism : does expanded travel to Cuba offset crisis spillovers?
Romeu, Rafael; Wolfe, Andy - 2011
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10009487105
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Intra-regional spillovers in South America : is Brazil systemic after all?
Adler, Gustavo; Sosa, Sebastián - 2012
economies, documenting trade linkages over the last two decades and quantifying spillover effects in a Vector Auto Regression … setting. While trade linkages with Brazil are significant for the Southern Cone countries (Argentina, Bolivia, Chile, Paraguay …
Persistent link: https://www.econbiz.de/10009618584
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Latin America : vulnerabilities under construction?
Cubeddu, Luis; Tovar, Camilo Ernesto; Tsounta, Evridiki - 2012
This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is...
Persistent link: https://www.econbiz.de/10009620961
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Building blocks for effective macroprudential policies in Latin America : institutional considerations
Jácome, Luis Ignacio; Nier, Erlend W.; Imam, Patrick - 2012
An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...
Persistent link: https://www.econbiz.de/10009620979
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Energy Subsidies in Latin America and the Caribbean
Di Bella, Gabriel - 2015
The oil price decline creates an opportunity to dismantle energy subsidies, which escalatedwith high oil prices. This paper assesses energy subsidies in Latin America and theCaribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split betweenfuel and electricity), and about 3.8...
Persistent link: https://www.econbiz.de/10012678979
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Toward a Lender of First Resort.
Cohen, Daniel - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE FINANCIAL CRISES OF THE 1990S WERE DIFFERENT FROM THOSE OF THE 1980S -- III. DEBT CRISES OF THE 1990S: A TAXONOMY -- IV. CONFIDENCE CRISIS AND CRISIS OF THE FUNDAMENTALS: A THEORETICAL BENCHMARK -- V. OUR POLICY IMPLICATIONS: COLLECTIVE ACTION...
Persistent link: https://www.econbiz.de/10012691032
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Sustaining Latin America's Resurgence : Some Historical Perspectives
Cerisola, Martin D - 2006
Intro -- Contents -- I. INTRODUCTION -- II. DETERMINANTS OF RELATIVE GROWTH PERFORMANCE -- III. THE IMPORTANCE OF MACROECONOMIC STABILITY -- IV. RECENT PROGRESS TOWARD STABILITY AND SUSTAINED GROWTH -- V. SOME LESSONS AND POLICY CHALLENGES -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691098
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Macroeconomic Volatility : The Policy Lessons from Latin America
Singh, Anoop - 2006
Intro -- Contents -- I. INTRODUCTION -- II. MACROECONOMIC VOLATILITY IN LATIN AMERICA: A HISTORICAL PERSPECTIVE -- III. ROLE OF MACROECONOMIC POLICIES -- IV. WHAT'S NEW THIS TIME AROUND? -- V. REMAINING AGENDA -- VI. CONCLUDING REMARKS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691105