Paraguay: Selected Issues

International Monetary Fund

No 2009/184, IMF Staff Country Reports from International Monetary Fund

Abstract: After five years of Paraguay’s high growth led, in part by agro-exporting sectors, the external environment has turned less favorable, with a sharp decline of export prices and a curtailment of external credit lines. The Selected Issues paper for Paraguay discusses economic development and policies. Over the same period, inflation remained above 5 percent, but hovered around 10 percent in the last two years, fed in part by supply shocks but possibly also by an overheating of the economy.

Keywords: ISCR; CR; monetary policy; bank behavior; monetary policy rule; primary sector; bank fundamentals; excess output gap; Credit; Banking crises; Output gap; Inflation; Global (search for similar items in EconPapers)
Pages: 38
Date: 2009-06-12
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