Managing Economic Volatility in Latin America
Books, March 27, 2014
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- Managing Economic Volatility in Latin America
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Bibliographic details
- Authors: Gaston Gelos
- Published: March 27, 2014
- Series: Books
- DOI: https://doi.org/10.5089/9781484364987.071
Overview and scope
- Explores how Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis.
- Presents a collection of novel contributions on capital flows, terms of trade, and macroeconomic policy in Latin America.
- Offers rigorous expert analysis as an up-to-date guide to key economic policy questions in the region.
- Chapters focus on assessing reserves adequacy and current account levels, the roles of macroeconomic policies and exchange rate regimes in coping with large capital inflows, and the effectiveness of both monetary policy and fiscal policy in addressing economic challenges.
Key analytical themes and findings
- Capital flows: contributions analyze the impact and management of large capital inflows on Latin American economies.
- Terms of trade: examines how terms-of-trade movements affect macroeconomic stability and policy choices.
- Reserves adequacy and current account: chapters assess appropriate reserve-to-GDP considerations and current account levels for the region.
- Exchange rate regimes: evaluates the role of exchange rate flexibility and regimes in coping with external shocks and inflows.
- Policy effectiveness: investigates the effectiveness of monetary policy and fiscal policy in dealing with regional economic challenges, including issues related to dollarization and deposit dollarization.
Subject matter and keywords (as listed)
- Balance of payments, Current account balance, Dutch disease, Economic theory, Exchange rate flexibility, Expenditure, Foreign exchange, Public debt, Real exchange rates
- Keywords: Africa, BOOK, Caribbean, Central America, current account, current account balance, Current account balance, deposit dollarization, dollarization, dollarization ratio, dollarized economy, Dutch disease, East Asia, exchange rate appreciation, Exchange rate flexibility, foreign currency, Global, policy question, primary expenditure, Real exchange rates, reserve-to-GDP ratio, U.S. dollar