Latin America Copes with Volatility, the Dark Side of Globalization

Latin American and Caribbean (LAC) region were bumping against capacity constraints with unemployment reaching historically low levels and economic activity hitting bottlenecks and central banks were thus engaged in combating upward price pressures...

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Bibliographic Details
Main Author:	World Bank
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGENCY PROBLEM AGENCY PROBLEMS ALLOCATION OF CREDIT ARBITRAGE ASSET BASE ASSET CLASS ASSET HOLDINGS ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS ASSET PRICE ASSET PRICES ASYMMETRIC INFORMATION AUCTIONS BALANCE OF PAYMENTS BALANCE SHEETS BANK CREDIT BANK INTEREST RATES BANKING SYSTEMS BASIS POINTS BOND FUND BOND FUNDS BONDS BORROWING COSTS BUSINESS CYCLES CAPACITY CONSTRAINTS CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL MOVEMENTS CAPITAL REQUIREMENTS CDS CENTRAL BANK CENTRAL BANKS COLLATERAL COMMODITY PRICES CONSUMER GOODS CREDIT CONSTRAINTS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT GROWTH CREDIT MARKETS CREDIT RATINGS CURRENCY CURRENCY COMPOSITION CURRENCY MISMATCHES CURRENT ACCOUNT DEFICITS DEBT DEFAULT DEFAULT RISK DEPOSIT DEPOSIT INSURANCE DERIVATIVES DEVALUATION DIRECT INVESTMENT DIVERSIFIED PORTFOLIO DOMESTIC FINANCIAL MARKETS DOMESTIC MARKETS ECONOMIC DEVELOPMENTS ECONOMIC POLICIES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET BOND EMERGING MARKET EQUITY EMERGING MARKETS ENABLING ENVIRONMENTS EQUITY FUNDS EQUITY MARKET EQUITY MARKETS EQUITY RETURNS EXCHANGE RATE EXCHANGE RATES EXPENDITURES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL CAPACITY FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED INVESTMENT FLEXIBLE EXCHANGE RATE FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTMENTS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN MARKETS FUND MANAGERS GLOBAL BOND GLOBAL ECONOMY GLOBAL MARKETS GLOBALIZATION GOVERNMENT BOND HEDGE FUNDS HOLDINGS ILLIQUID MARKETS IMPLIED VOLATILITY INFLATION INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE COMPANIES INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION INTERNATIONAL FINANCIAL MARKET INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL SYSTEM INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL PORTFOLIO INTERNATIONAL SWAPS INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS INVESTMENT FLOWS INVESTMENT PATTERNS INVESTMENT RISKS ISSUANCE LENDER LENDERS LEVY LIABILITY LIQUID ASSETS LIQUID MARKETS LIQUIDATION LIQUIDITY LIQUIDITY IN BOND MARKETS LOCAL CURRENCY LOCAL FINANCIAL MARKET LOCAL MARKETS LOCAL STOCK MARKETS LONG TERM CAPITAL LONG-TERM INVESTMENTS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARK-TO-MARKET MARK-TO-MARKET ACCOUNTING MARKET CONDITIONS MARKET DISCIPLINE MARKET FAILURES MARKET LIQUIDITY MARKET PARTICIPANTS MATURITIES MATURITY MATURITY TRANSFORMATION MONETARY POLICIES MONETARY POLICY MONEY MARKET MONEY MARKET RATES MONEY MARKETS MORAL HAZARD MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUND INVESTMENT MUTUAL FUNDS OIL PRICES OPEN ECONOMIES PENSION PENSION FUNDS POLICY RESPONSE POLICY RESPONSES PORTFOLIO PORTFOLIO ALLOCATION PORTFOLIO ALLOCATIONS PORTFOLIO CAPITAL PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS PORTFOLIOS PRICE DISCOVERY PRODUCTIVE INVESTMENTS PUBLIC DEBT PUBLIC DEBTS PUBLIC FINANCES PUBLIC INVESTMENTS REGULATORY SYSTEM RESERVE RESERVES RESIDENTIAL MORTGAGES RETURNS RETURNS ON EQUITIES RISK AVERSION RISK SHARING SAFETY NET SECURITIES SECURITIES MARKETS SOLVENCY SOVEREIGN DEBT SOVEREIGN DEBT PROBLEMS SOVEREIGN RATING SOVEREIGN RATINGS STOCK MARKETS TAX TOTAL DEBT TRADING TRANSPARENCY UNDERWRITERS WEALTH EFFECT WORLD FINANCIAL MARKETS
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17682562/latin-america-copes-volatility-dark-side-globalization http://hdl.handle.net/10986/16496

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http://documents.worldbank.org/curated/en/2013/04/17682562/latin-america-copes-volatility-dark-side-globalization
http://hdl.handle.net/10986/16496

Latin America Copes with Volatility, the Dark Side of Globalization

Internet

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