000 02529nam a22004454a 4500
001 WPIEA2013027
003 IMF
005 20190405181013.0
006 m o d
007 cr cn|||||||||
008 020129s2013 dcu o i00 0 eng d
020 _a1475588836 :
_c18.00 USD
020 _z9781475588835
022 _a1018-5941
024 7 _a10.5089/9781475588835.001
_2doi
035 _a(IMF)WPIEA2013027
040 _aDcWaIMF
_beng
100 1 _aAdler, Gustavo.
245 1 0 _aExternal Conditions and Debt Sustainability in Latin America
_h[electronic resource] /
_cGustavo Adler.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2013.
300 _a1 online resource (51 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 13/27
520 3 _aHighly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework that integrates econometric estimates of the effect of global factors on key domestic variables that determine public and external debt dynamics, with the IMF's standard debt sustainability framework. Results suggest that, while some countries in the region are well placed to withstand moderate or even large shocks, many would benefit from having stronger buffers to be in a position to deploy countercyclical policies, especially under tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries.
588 _aDescription based on print version record.
650 7 _aDebt Dynamics
_2imf
650 7 _aDebt Ratios
_2imf
650 7 _aDeficit
_2imf
650 7 _aForecasting and Simulation
_2imf
650 7 _aOpen Economy Macroeconomics
_2imf
650 7 _aTime-Series Models
_2imf
651 7 _aBolivia
_2imf
651 7 _aBrazil
_2imf
651 7 _aChile
_2imf
651 7 _aEcuador
_2imf
651 7 _aMexico
_2imf
700 1 _aSosa, Sebastian.
776 0 8 _iPrint Version:
_aAdler, Gustavo.
_tExternal Conditions and Debt Sustainability in Latin America
_dWashington, D.C. : International Monetary Fund, 2013.
_z9781475588835
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 13/27
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/20246-9781475588835/20246-9781475588835/20246-9781475588835.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781475588835
_zIMF Book Store
999 _c157997
_d157997