External Conditions and Debt Sustainability in Latin America /

Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework that in...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Adler, Gustavo
Awduron Eraill: Sosa, Sebastian
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/027
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781475588835 
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100 1 |a Adler, Gustavo. 
245 1 0 |a External Conditions and Debt Sustainability in Latin America /  |c Gustavo Adler, Sebastian Sosa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework that integrates econometric estimates of the effect of global factors on key domestic variables that determine public and external debt dynamics, with the IMF's standard debt sustainability framework. Results suggest that, while some countries in the region are well placed to withstand moderate or even large shocks, many would benefit from having stronger buffers to be in a position to deploy countercyclical policies, especially under tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries. 
538 |a Mode of access: Internet 
700 1 |a Sosa, Sebastian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/027 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/027/001.2013.issue-027-en.xml  |z IMF e-Library