Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies
Author/Editor: Jose De Gregorio
Release Date: © December, 2013
ISBN
: 978-1-47555-021-4
Stock #: WPIEA2013259
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes |
Description
This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level of reserves, and a bit of luck coming from very high terms of trade, were central to good economic performance. Persevering along the road of strong macroeconomic and financial policies is necessary, but not sufficient, to go from recovery to sustained growth.
Taxonomy
Economic policy , Foreign exchange , Monetary policy
More publications in this series: Working Papers
More publications by: Jose De Gregorio