External conditions and debt sustainability in Latin America /:
"Highly 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 t...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2013.
|
| Schriftenreihe: | IMF working paper ;
WP/13/27. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Highly 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"--Abstract. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). "Western Hemisphere Department." "January 2013"--Page 2 of pdf. |
| Beschreibung: | 1 online resource (53 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 30-31). |
| ISBN: | 9781475569896 1475569890 9781475555172 1475555172 |
Internformat
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| 100 | 1 | |a Adler, Gustavo, |d 1974- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjyjTQKmh6VMbJGh8Ftp6C |0 http://id.loc.gov/authorities/names/no2005009317 | |
| 245 | 1 | 0 | |a External conditions and debt sustainability in Latin America / |c Gustavo Adler and Sebastian Sosa. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2013. | ||
| 300 | |a 1 online resource (53 pages) : |b color illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper ; |v WP/13/27 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). | ||
| 500 | |a "Western Hemisphere Department." | ||
| 500 | |a "January 2013"--Page 2 of pdf. | ||
| 520 | |a "Highly 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"--Abstract. | ||
| 504 | |a Includes bibliographical references (pages 30-31). | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; Figures; 1. Latin America: Fey Fiscal Indicators, 2002-12; 2. Latin America. Key External Indicators, 2002-12; II. A Decade of Falling Public and External Debt, 2003-12; A. Fiscal sustainability; Pre-Lehman Period: 2003-08; Post-Lehman Period: 2009-12; B. External sustainability; Pre-Lehman Period: 2003-08; 3. Factors Driving Public Debt Dynamics, 2003-12; 4. Components of Primary Balance Dynamics, 1995-2012; Post-Lehman Period: 2009-12; 5. Factors Driving External Debt Dynamics, 2003-12; III. Methodological Approach. | |
| 505 | 8 | |a A. Public and External Debt Sustainability AnalysisPublic Debt; External Debt Dynamics; B. Conditional Forecasting of Key Domestic Variables: a VAR approach; C. Sovereign Spreads Module; IV. Debt Dynamics Under Alternative Global Scenarios; A. Scenarios; Scenario 1: Temporary Financial Shock; Scenario 2: Temporary Real Shock; Scenario 3: A Protracted Global Slowdown; Scenario 4: A Tail Event; Tables; 1. Key Global Assumptions under Alternative Scenarios; 6. Global Variables under Alternative Scenarios, 2003-17; B. Key Results; Latin America's overall picture. | |
| 505 | 8 | |a 2. Key Domestic Policy Assumptions under Alternative Scenarios7. Latin America. Factors Driving Public and External Debt Dynamics under Alternative Global Scenarios, 2003-17; Country-specific results; 8. Latin America. Public and External Debt under Alternative Scenarios and Policies, 2012-17; 9. Key Fiscal Indicators under Different Scenarios, 2012-17; V. Conclusions; 10. Key External Indicators under Different Scenarios, 2012-17; References; Annexes. | |
| 650 | 0 | |a Debts, Public |z Latin America. | |
| 650 | 0 | |a Debts, External |z Latin America. | |
| 650 | 6 | |a Dettes publiques |z Amérique latine. | |
| 650 | 6 | |a Dettes extérieures |z Amérique latine. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Public Finance. |2 bisacsh | |
| 650 | 7 | |a Debts, External |2 fast | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 651 | 7 | |a Latin America |2 fast | |
| 700 | 1 | |a Sosa, Sebastian, |e author. |0 http://id.loc.gov/authorities/names/no2006002469 | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n82237138 | |
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| adam_text | |
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| author | Adler, Gustavo, 1974- Sosa, Sebastian |
| author_GND | http://id.loc.gov/authorities/names/no2005009317 http://id.loc.gov/authorities/names/no2006002469 |
| author_facet | Adler, Gustavo, 1974- Sosa, Sebastian |
| author_role | aut aut |
| author_sort | Adler, Gustavo, 1974- |
| author_variant | g a ga s s ss |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 13/27eb |
| callnumber-search | HG3881.5.I58 W67 No. 13/27eb |
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| collection | ZDB-4-EBU |
| contents | Cover; Contents; I. Introduction; Figures; 1. Latin America: Fey Fiscal Indicators, 2002-12; 2. Latin America. Key External Indicators, 2002-12; II. A Decade of Falling Public and External Debt, 2003-12; A. Fiscal sustainability; Pre-Lehman Period: 2003-08; Post-Lehman Period: 2009-12; B. External sustainability; Pre-Lehman Period: 2003-08; 3. Factors Driving Public Debt Dynamics, 2003-12; 4. Components of Primary Balance Dynamics, 1995-2012; Post-Lehman Period: 2009-12; 5. Factors Driving External Debt Dynamics, 2003-12; III. Methodological Approach. A. Public and External Debt Sustainability AnalysisPublic Debt; External Debt Dynamics; B. Conditional Forecasting of Key Domestic Variables: a VAR approach; C. Sovereign Spreads Module; IV. Debt Dynamics Under Alternative Global Scenarios; A. Scenarios; Scenario 1: Temporary Financial Shock; Scenario 2: Temporary Real Shock; Scenario 3: A Protracted Global Slowdown; Scenario 4: A Tail Event; Tables; 1. Key Global Assumptions under Alternative Scenarios; 6. Global Variables under Alternative Scenarios, 2003-17; B. Key Results; Latin America's overall picture. 2. Key Domestic Policy Assumptions under Alternative Scenarios7. Latin America. Factors Driving Public and External Debt Dynamics under Alternative Global Scenarios, 2003-17; Country-specific results; 8. Latin America. Public and External Debt under Alternative Scenarios and Policies, 2012-17; 9. Key Fiscal Indicators under Different Scenarios, 2012-17; V. Conclusions; 10. Key External Indicators under Different Scenarios, 2012-17; References; Annexes. |
| ctrlnum | (OCoLC)826657789 |
| dewey-full | 336.3435098 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 336 - Public finance |
| dewey-raw | 336.3435098 |
| dewey-search | 336.3435098 |
| dewey-sort | 3336.3435098 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic | Latin America fast |
| geographic_facet | Latin America |
| id | ZDB-4-EBU-ocn826657789 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:08Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n82237138 |
| isbn | 9781475569896 1475569890 9781475555172 1475555172 |
| language | English |
| oclc_num | 826657789 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (53 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Adler, Gustavo, 1974- author. https://id.oclc.org/worldcat/entity/E39PCjyjTQKmh6VMbJGh8Ftp6C http://id.loc.gov/authorities/names/no2005009317 External conditions and debt sustainability in Latin America / Gustavo Adler and Sebastian Sosa. [Washington, D.C.] : International Monetary Fund, ©2013. 1 online resource (53 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/13/27 Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). "Western Hemisphere Department." "January 2013"--Page 2 of pdf. "Highly 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"--Abstract. Includes bibliographical references (pages 30-31). Cover; Contents; I. Introduction; Figures; 1. Latin America: Fey Fiscal Indicators, 2002-12; 2. Latin America. Key External Indicators, 2002-12; II. A Decade of Falling Public and External Debt, 2003-12; A. Fiscal sustainability; Pre-Lehman Period: 2003-08; Post-Lehman Period: 2009-12; B. External sustainability; Pre-Lehman Period: 2003-08; 3. Factors Driving Public Debt Dynamics, 2003-12; 4. Components of Primary Balance Dynamics, 1995-2012; Post-Lehman Period: 2009-12; 5. Factors Driving External Debt Dynamics, 2003-12; III. Methodological Approach. A. Public and External Debt Sustainability AnalysisPublic Debt; External Debt Dynamics; B. Conditional Forecasting of Key Domestic Variables: a VAR approach; C. Sovereign Spreads Module; IV. Debt Dynamics Under Alternative Global Scenarios; A. Scenarios; Scenario 1: Temporary Financial Shock; Scenario 2: Temporary Real Shock; Scenario 3: A Protracted Global Slowdown; Scenario 4: A Tail Event; Tables; 1. Key Global Assumptions under Alternative Scenarios; 6. Global Variables under Alternative Scenarios, 2003-17; B. Key Results; Latin America's overall picture. 2. Key Domestic Policy Assumptions under Alternative Scenarios7. Latin America. Factors Driving Public and External Debt Dynamics under Alternative Global Scenarios, 2003-17; Country-specific results; 8. Latin America. Public and External Debt under Alternative Scenarios and Policies, 2012-17; 9. Key Fiscal Indicators under Different Scenarios, 2012-17; V. Conclusions; 10. Key External Indicators under Different Scenarios, 2012-17; References; Annexes. Debts, Public Latin America. Debts, External Latin America. Dettes publiques Amérique latine. Dettes extérieures Amérique latine. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, External fast Debts, Public fast Latin America fast Sosa, Sebastian, author. http://id.loc.gov/authorities/names/no2006002469 International Monetary Fund. Western Hemisphere Department, issuing body. http://id.loc.gov/authorities/names/n82237138 IMF working paper ; WP/13/27. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=548043 Volltext |
| spellingShingle | Adler, Gustavo, 1974- Sosa, Sebastian External conditions and debt sustainability in Latin America / IMF working paper ; Cover; Contents; I. Introduction; Figures; 1. Latin America: Fey Fiscal Indicators, 2002-12; 2. Latin America. Key External Indicators, 2002-12; II. A Decade of Falling Public and External Debt, 2003-12; A. Fiscal sustainability; Pre-Lehman Period: 2003-08; Post-Lehman Period: 2009-12; B. External sustainability; Pre-Lehman Period: 2003-08; 3. Factors Driving Public Debt Dynamics, 2003-12; 4. Components of Primary Balance Dynamics, 1995-2012; Post-Lehman Period: 2009-12; 5. Factors Driving External Debt Dynamics, 2003-12; III. Methodological Approach. A. Public and External Debt Sustainability AnalysisPublic Debt; External Debt Dynamics; B. Conditional Forecasting of Key Domestic Variables: a VAR approach; C. Sovereign Spreads Module; IV. Debt Dynamics Under Alternative Global Scenarios; A. Scenarios; Scenario 1: Temporary Financial Shock; Scenario 2: Temporary Real Shock; Scenario 3: A Protracted Global Slowdown; Scenario 4: A Tail Event; Tables; 1. Key Global Assumptions under Alternative Scenarios; 6. Global Variables under Alternative Scenarios, 2003-17; B. Key Results; Latin America's overall picture. 2. Key Domestic Policy Assumptions under Alternative Scenarios7. Latin America. Factors Driving Public and External Debt Dynamics under Alternative Global Scenarios, 2003-17; Country-specific results; 8. Latin America. Public and External Debt under Alternative Scenarios and Policies, 2012-17; 9. Key Fiscal Indicators under Different Scenarios, 2012-17; V. Conclusions; 10. Key External Indicators under Different Scenarios, 2012-17; References; Annexes. Debts, Public Latin America. Debts, External Latin America. Dettes publiques Amérique latine. Dettes extérieures Amérique latine. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, External fast Debts, Public fast |
| title | External conditions and debt sustainability in Latin America / |
| title_auth | External conditions and debt sustainability in Latin America / |
| title_exact_search | External conditions and debt sustainability in Latin America / |
| title_full | External conditions and debt sustainability in Latin America / Gustavo Adler and Sebastian Sosa. |
| title_fullStr | External conditions and debt sustainability in Latin America / Gustavo Adler and Sebastian Sosa. |
| title_full_unstemmed | External conditions and debt sustainability in Latin America / Gustavo Adler and Sebastian Sosa. |
| title_short | External conditions and debt sustainability in Latin America / |
| title_sort | external conditions and debt sustainability in latin america |
| topic | Debts, Public Latin America. Debts, External Latin America. Dettes publiques Amérique latine. Dettes extérieures Amérique latine. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, External fast Debts, Public fast |
| topic_facet | Debts, Public Latin America. Debts, External Latin America. Dettes publiques Amérique latine. Dettes extérieures Amérique latine. BUSINESS & ECONOMICS Public Finance. Debts, External Debts, Public Latin America |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=548043 |
| work_keys_str_mv | AT adlergustavo externalconditionsanddebtsustainabilityinlatinamerica AT sosasebastian externalconditionsanddebtsustainabilityinlatinamerica AT internationalmonetaryfundwesternhemispheredepartment externalconditionsanddebtsustainabilityinlatinamerica |