Regional Economic Outlook: Western Hemisphere, November 2007 -- Table of Contents
Western Hemisphere, November 9, 2007
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Bibliographic details
- Published: November 9, 2007
- Series: Western Hemisphere
Overview
- In spite of a slower U.S. economy and recent market turbulence, growth in the Latin America and Caribbean region has continued at a robust pace.
- The report explores the resilience of the LAC region to external shocks and the policy challenges involved in sustaining the region's improved fundamentals.
- The analysis focuses, in particular, on:
- real and financial linkages with the United States;
- the strength of underlying fiscal positions;
- the sustainability of the ongoing credit boom.
Report structure and major chapters
- Executive Summary
- I. The Global Economy and the Outlook for the United States and Canada
- Global Outlook
- Outlook for the United States and Canada
- II. The Outlook for Latin America and the Caribbean
- Overall Developments and Prospects
- Financial Sector Developments
- External Developments
- Monetary and Exchange Rate Policies
- Fiscal Policy
- Social Policies
- III. How Resilient Is Latin America's Expansion?
- Channels of Transmission
- Scenario Analysis
- Conclusions
- IV. Revenue Growth and the Strength of Underlying Fiscal Positions
- Structural Commodity Revenues
- Structural Noncommodity Revenues
- Expenditures
- Structural Primary Balances
- Appendix
- V. Financial Sector Development in Latin America: Recovery or Overheating?
- Financial Deepening or Bubbles
- Credit Boom or Recovery
- Regulatory Responses and Options
- VI. Caribbean Economic Outlook and Integration Issues
- Recent Developments and Economic Outlook
- Regional Integration Issues
- Financial Integration
- Tax Incentives and Investment
- Trade Preference Erosion
Supporting material and empirical content
- Table: Financial Sector Overview, 2006
- Boxes:
- 1. Recent Financial Market Turmoil: What Happened, and Why?
- 2. Latin America's Cyclical Position
- 3. Trends in Latin America's Balance of Payments
- 4. Real Exchange Rate and Competitiveness
- 5. Optimal Prudential Reserve Levels
- 6. Effectiveness of Central Bank Intervention—Evidence from Colombia
- 7. Escaping Poverty in Latin America
- 8. Are Remittances to Latin America Influenced by the U.S. Business Cycle?
- 9. Will the U.S. Subprime Crisis Affect Bank Lending in Latin America?
- 10. Derivatives Markets in Latin America
Regional Economic Outlook: Western Hemisphere, November 2007 — Table of Contents