Latin America’s Deceleration and the Exchange Rate Buffer: LAC Semiannual Report, October 2013

Eduardo Levy Yeyati, Augusto de la Torre and Samuel Pienknagura

No 16107, World Bank Publications - Reports from The World Bank Group

Abstract: This semiannual report examines the short and medium-term challenges for Latin America and the Caribbean (LAC) as the external factors that were instrumental in the region’s recent performance recede. In particular, we address the role of the exchange rate as a counter-cyclical policy tool to buffer adverse external shocks. As is customary in this series, Chapter 1 starts by providing an overview of the global economy and its implications for the short and medium-term prospects of the LAC region. It also examines the vulnerabilities of the region as tailwinds recede. Chapter 2 describes the new role of the exchange rate as a shock absorber in LAC amid the important transformations observed in the region in the past decade on the macro-financial front. Finally, Chapter 3 gives a detailed look at exchange rate-smoothing policy interventions.

Keywords: Finance; and; Financial; Sector; Development; International; Economics; and; Trade; Macroeconomics; and; Economic; Growth (search for similar items in EconPapers)
Date: 2013
Note: ISBN 978-1-4648-0115-0
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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