How Financial Conditions Matter Differently across Latin America /

This paper develops comparable financial conditions indices (FCIs) for the six large and most financially-integrated Latin American economies (LA6) by following Korobilis (2013) and Koop and Korobilis (2014). The main findings are as follows. First, the estimated FCIs are influenced by a commodity c...

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Bibliografiske detaljer
Hovedforfatter: Brandao Marques, Luis
Andre forfattere: Perez Ruiz, Esther
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2017.
Serier:IMF Working Papers; Working Paper ; No. 2017/218
Fag:
Online adgang:Full text available on IMF
Full text available on IMF
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245 1 0 |a How Financial Conditions Matter Differently across Latin America /  |c Luis Brandao Marques, Esther Perez Ruiz. 
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300 |a 1 online resource (27 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 This paper develops comparable financial conditions indices (FCIs) for the six large and most financially-integrated Latin American economies (LA6) by following Korobilis (2013) and Koop and Korobilis (2014). The main findings are as follows. First, the estimated FCIs are influenced by a commodity cycle, a global financial cycle, as well as country-specific episodes of financial distress. Second, by early 2017, financial conditions remained favorable in most LA6 economies relative to historical standards. Third, the impact of financial shocks on economic activity widely varies across LA6 and is otherwise found to be stronger in periods of financial stress. Fourth, exposure to regional financial spillovers also differs across LA6. 
538 |a Mode of access: Internet 
651 7 |a Argentina  |2 imf 
700 1 |a Perez Ruiz, Esther. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/218 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2017&issue=218  |z IMF e-Library 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=2616-5333&volume=2022&issue=011  |z IMF e-Library