Paraguay: Addressing the Stagnation and Instability Trap
Departmental Papers, December 7, 2009
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Bibliographic details
- Authors: Alejandro Santos
- Published: December 7, 2009
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781589068520.087
Overview
- Provides an overview of the analytical insights and policy challenges that a country faces while on the path to sustained growth with stability.
- Publication date: December 7, 2009.
- Author: Alejandro Santos.
- Summarizes improvements in policy implementation in Paraguay since the regional crisis of 2002.
Major themes covered
- Improving macroeconomic assessments and policy implementation.
- Eliminating turbulence and deepening financial reforms.
- Enhancing growth performance and reducing poverty.
- Correcting economic imbalances and institutional shortcomings in the context of an economic reform program.
Key findings and outcomes
- The Paraguayan economy experienced the highest growth in a quarter of a century.
- The Paraguayan economy had the strongest financial system in decades.
- The book examines how policy implementation improvements contributed to these results following the regional crisis of 2002.
Policy guidance and implications for policymakers
- Offers useful guidance for policymakers by examining improvements in policy implementation.
- Discusses policy measures to correct economic imbalances and institutional shortcomings within an economic reform program.
- Emphasizes the importance of combining macroeconomic assessment improvements, financial-sector reforms, and pro-growth measures to reduce poverty and sustain stability.
Subjects and keywords (as listed)
- Banking, Currencies, Exchange rates, Financial crises, Foreign exchange, Inflation, Money, Prices, Real effective exchange rates, Real exchange rates
- Keywords: Asia and Pacific, Caribbean, central bank, consumer price index, core inflation, Currencies, desk economist, DP, DPPP, East Asia, Empresa de Servicios Sanitarios de Paraguay, exchange rate, Exchange rates, financial system, Global, IMF's Monetary, Inflation, interest rate, near-term outlook, nominal exchange rate, output gap, private sector, Real effective exchange rates, Real exchange rates, real GDP, Resident Representative Office of the IMF, South America, U.S. dollar, Western Hemisphere
Paraguay: Addressing the Stagnation and Instability Trap