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Author: Roberto Benelli Publisher: INTERNATIONAL MONETARY FUND ISBN: 9781451868258 Category : Business & Economics Languages : en Pages : 0
Book Description
Motivated by recent bursts of global financial market turbulence, this paper investigates the linkages between the financial markets in the United States and those of the seven largest Latin American economies, focusing on the impact of shocks originating in the U.S. stock, bond, and currency markets. After documenting that cross-country linkages were different in "tranquil" and "turbulent" times within our sample, we find that: (i) for stock markets, recent episodes of market turbulence stood out from preceding ones as they showed an increased sensitivity of Latin American markets to U.S. shocks, reversing a trend of weakening linkages; (ii) currency markets in Latin America exhibited a decrease in cross-market linkages with the U.S. during the last episodes of volatility, consistent with increased exchange rate flexibility in the region; and (iii) the external bond markets in Latin America remained on a trend of weakening linkages with U.S. corporate bonds, while they increased their sensitivity to movements in other emerging market bond markets.
Author: Roberto Benelli Publisher: INTERNATIONAL MONETARY FUND ISBN: 9781451868258 Category : Business & Economics Languages : en Pages : 0
Book Description
Motivated by recent bursts of global financial market turbulence, this paper investigates the linkages between the financial markets in the United States and those of the seven largest Latin American economies, focusing on the impact of shocks originating in the U.S. stock, bond, and currency markets. After documenting that cross-country linkages were different in "tranquil" and "turbulent" times within our sample, we find that: (i) for stock markets, recent episodes of market turbulence stood out from preceding ones as they showed an increased sensitivity of Latin American markets to U.S. shocks, reversing a trend of weakening linkages; (ii) currency markets in Latin America exhibited a decrease in cross-market linkages with the U.S. during the last episodes of volatility, consistent with increased exchange rate flexibility in the region; and (iii) the external bond markets in Latin America remained on a trend of weakening linkages with U.S. corporate bonds, while they increased their sensitivity to movements in other emerging market bond markets.
Author: Mr.Jeronimo Zettelmeyer Publisher: International Monetary Fund ISBN: 1589067886 Category : Business & Economics Languages : en Pages : 179
Book Description
In a global economy beset by concerns over a growth recession, financial volatility, and rising inflation, countries in the Western Hemisphere have been among the few bright spots in recent years. This has not come as a surprise to those following the significant progress achieved by many countries in recent years, both in macroeconomic management and on the structural and institutional front. Hence, there can be little doubt, as this book argues, that economic and financial linkages between Latin America, the United States, and other important regions of the world economy have undergone profound change.
Author: Werner Baer Publisher: Praeger ISBN: Category : Business & Economics Languages : en Pages : 216
Book Description
Written by a distinguished group of noted Latin American experts, this volume analyzes the complex economic relationship between the United States and Latin America during the 1980s and into the 1990s. As the editors assert at the outset, the United States has not had a cohesive policy toward Latin America since the Kennedy administration's Alliance for Progress. Instead, policy has vacillated, taking different positions on Latin American economic matters and requiring different actions on the part of Latin American governments. The essays collected here demonstrate in detail how the latent tensions among sometimes conflicting U.S. policy goals have been exacerbated by the economic crises of Latin America in the 1980s. Among the key topics addressed are the mounting debt crisis, privatization, Latin American integration, and the specific effects of U.S. policies on various aspects of Latin American economies. The volume begins with an in-depth analysis of Latin America's debt crisis which concludes that U.S. policy in this area has often worked against our long-term interest in Latin America's return to higher real growth. Subsequent essays examine the contradictory position of the United States toward Latin America with regard to debt and trade relations, develop a model of an indebted nation that can be used to simulate future real growth and external-debt accumulation, and compare the effects of privatization in four Latin American countries. The remaining essays evaluate the performance of Argentine and Brazilian public enterprises, look at the impact of direct and indirect U.S. policies on Latin America's labor sector, study the implications of financial liberalization policies, and discuss Latin American regional trade arrangements. This book will be of interest to scholars, policymakers, and executives who deal regularly with Latin American issues.
Author: Mauro Miranda Publisher: CFA Institute Research Foundation ISBN: 194496049X Category : Business & Economics Languages : en Pages : 92
Book Description
Capital markets, both for debt and equity securities, have allowed firms to secure funding for productive uses while providing investors with opportunities for portfolio diversification. The importance of capital markets for the development of economies and for the betterment of society cannot be overstated. This is just as true in emerging economies with free markets, such as those found in Latin America, as it is in developed markets. However, capital markets in the region are not being utilized to the fullest. The idea behind this collection of articles is to offer a primer on the development of local capital markets in several select countries in Latin America. We discuss not only their history and current status but also their future. To this end, seven authors contributed to this project, each writing about one of seven countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. Each author decided which issues they believe matter most to the progress of their local capital markets. Some authors chose a qualitative and institutional description of local markets, whereas others adopted a more quantitative approach.
Author: Luis Miotti Publisher: United Nations Publications ISBN: Category : Euro Languages : en Pages : 80
Book Description
Although Latin America's indisputable reference currency is the U.S. dollar, many of the countries in the region have economic ties with European countries. The creation and introduction of the euro in 1999 marked the beginning of a new era in international monetary and financial relations, although it is still difficult to draw any definitive conclusions regarding its scope and its implications for Latin America. This study evaluates the internationalisation of the euro and its likely effects on the international monetary system, as well as on the development of relations between Europe and Latin America, including trade and financial flows.
Author: Yu Chai Publisher: Springer ISBN: 9811334056 Category : Business & Economics Languages : en Pages : 182
Book Description
This is the first English book on the economic relations between China and Latin America written by Chinese scholars. The authors are all from the Institute of Latin American Studies, Chinese Academy of Social Sciences — China’s premier think tank. By combining empirical techniques and political-economic analysis, it investigates the history of and the outlook for China-Latin America relations. It offers readers insights into the Chinese perspective and an evaluation of the development of the relations between the two parties.
Author: Masaaki Kotabe Publisher: Elsevier ISBN: 9780080438979 Category : Business & Economics Languages : en Pages : 424
Book Description
The ratification in 1994 of the North American Free Trade Agreement among the United States, Canada, and Mexico awakened them to look to the south of the US border. This book offers an analysis of trade and liberalization movements in Latin America, and explores macro- and micro-financial implications of investing in Latin American countries.
Author: Roberto Benelli
Author: Roberto Benelli
Author: Mr.Jeronimo Zettelmeyer
Author: 
Author: Sidney Weintraub
Author: Werner Baer
Author: Mauro Miranda
Author: Luis Miotti
Author: Latin American Economic System
Author: Yu Chai
Author: Masaaki Kotabe