Stabilization and Reform in Latin America: A Macroeconomic Perspective of the Experience Since the 1990s

By Agnes A Belaisch, Charles Collyns, Paula De Masi, Guy M Meredith, Anoop Singh, Reva Krieger, Robert Rennhack

February 8, 2005

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Agnes A Belaisch, Charles Collyns, Paula De Masi, Guy M Meredith, Anoop Singh, Reva Krieger, and Robert Rennhack. Stabilization and Reform in Latin America: A Macroeconomic Perspective of the Experience Since the 1990s, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

This study examines external and domestic influences on Latin America’s economic performance over the past decade and a half. It notes that over the past few years, macroeconomic policies have strengthened and structural reforms have been implemented. Together with a favorable external environment, these policies have contributed to Latin America’s relatively sharp economic recovery from its last recession. The study discusses the priorities for the region’s reform agenda that could help to ensure that this growing prosperity becomes entrenched. It also makes observations on the future roles of the major policymakers involved--the governments in the region; the international financial institutions, and especially the IMF; and industrial country governments.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Fiscal policy, Inflation, Prices, Public debt

Keywords: Caribbean, Central America, Commercial banks, Country, Currency, Dollarization, East Asia, Exchange rate, Foreign currency, Global, Government, Inflation, Latin American country, North America, OP, Policy outcome, Stabilization plan, Stabilization policy

Publication Details

Pages:

136
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2005/002
Stock No:

S238EA
ISBN:

9781589062504
ISSN:

0251-6365

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