How Financial Conditions Matter Differently across Latin America

IMF Working Papers, October 30, 2017

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How Financial Conditions Matter Differently across Latin America

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Bibliographic details

• Authors: Luis Brandao Marques, Esther Perez Ruiz
• Published: October 30, 2017
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484325506.001

Main findings

• The estimated financial conditions indices (FCIs) are influenced by a commodity cycle, a global financial cycle, as well as country-specific episodes of financial distress.
• By early 2017, financial conditions remained favorable in most LA6 economies relative to historical standards.
• The impact of financial shocks on economic activity widely varies across LA6 and is otherwise found to be stronger in periods of financial stress.
• Exposure to regional financial spillovers also differs across LA6.

Methodology

• 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).

Key statistics and publication metadata

• Pages: 27
• Volume: 2017
• Issue: 218
• Series: Working Paper No. 2017/218
• DOI: https://doi.org/10.5089/9781484325506.001
• Stock No: WPIEA2017218
• ISBN: 9781484325506
• ISSN: 1018-5941
• Date: October 30, 2017

Subjects and keywords

• Subjects: Credit, Financial crises, Financial institutions, Financial sector policy and analysis, Loans, Money, Spillovers
• Keywords: Credit, FAVAR, FCI shock, FCI variability, financial condition, Financial conditions indexes, financial conditions indices, financial spillovers, Global, la República Argentina, Loans, purges FCI variable, Spillovers, TVP-FAVAR, TVP-VAR FCI, unpurged FCIs, world commodity price, WP

Luis Brandão-Marques and Esther Perez Ruiz, "How Financial Conditions Matter Differently across Latin America", October 30, 2017.

Content in this bundle

• How Financial Conditions Matter Differently across Latin America, WP/17/218, October 2017
  • How Financial Conditions Matter Differently across Latin America, WP/17/218, October 2017 (Markdown version)
  • How Financial Conditions Matter Differently across Latin America, WP/17/218, October 2017 (PDF)