Financing For The Post Pandemic Recovery Developing Domestic Sovereign Debt Markets In Central America

Financing For The Post Pandemic Recovery Developing Domestic Sovereign Debt Markets In Central America Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Financing For The Post Pandemic Recovery Developing Domestic Sovereign Debt Markets In Central America book. This book definitely worth reading, it is an incredibly well-written.

Financing for the Post-pandemic Recovery: Developing Domestic Sovereign Debt Markets in Central America

Jean François Clevy,Mr. Guilherme Pedras,Mrs. Esther Perez Ruiz
Financing for the Post pandemic Recovery Developing Domestic Sovereign Debt Markets in Central America Book PDF

Author : Jean François Clevy,Mr. Guilherme Pedras,Mrs. Esther Perez Ruiz
Publisher : International Monetary Fund
Page : 34 pages
File Size : 50,9 Mb
Release : 2021-12-03
Category : Business & Economics
ISBN : 9781616357061

Get Book

Financing for the Post-pandemic Recovery: Developing Domestic Sovereign Debt Markets in Central America by Jean François Clevy,Mr. Guilherme Pedras,Mrs. Esther Perez Ruiz Pdf

The pandemic has urged countries around the globe to mobilize financing to support the recovery. This is even more relevant in Central America, where the policy response to cushion the pandemic’s economic and social impact has accentuated pre-existing debt vulnerabilities. This paper documents the potential for local currency bond markets to diversify and expand financing for the recovery, lowering bond yields, funding volatility, and exposure to global shocks. The paper further identifies priority actions, both national and regional, to support market development.

Global Financial Stability Report, October 2019

International Monetary Fund. Monetary and Capital Markets Department
Global Financial Stability Report October 2019 Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 109 pages
File Size : 44,5 Mb
Release : 2019-10-16
Category : Business & Economics
ISBN : 9781498324021

Get Book

Global Financial Stability Report, October 2019 by International Monetary Fund. Monetary and Capital Markets Department Pdf

The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.

Global Financial Stability Report, April 2021

International Monetary Fund
Global Financial Stability Report April 2021 Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 92 pages
File Size : 46,5 Mb
Release : 2021-04-06
Category : Business & Economics
ISBN : 9781513569673

Get Book

Global Financial Stability Report, April 2021 by International Monetary Fund Pdf

Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. Chapter 1 warns that there is a pressing need to act to avoid a legacy of vulnerabilities while avoiding a broad tightening of financial conditions. Actions taken during the pandemic may have unintended consequences such as stretched valuations and rising financial vulnerabilities. The recovery is also expected to be asynchronous and divergent between advanced and emerging market economies. Given large external financing needs, several emerging markets face challenges, especially if a persistent rise in US rates brings about a repricing of risk and tighter financial conditions. The corporate sector in many countries is emerging from the pandemic overindebted, with notable differences depending on firm size and sector. Concerns about the credit quality of hard-hit borrowers and profitability are likely to weigh on the risk appetite of banks. Chapter 2 studies leverage in the nonfinancial private sector before and during the COVID-19 crisis, pointing out that policymakers face a trade-off between boosting growth in the short term by facilitating an easing of financial conditions and containing future downside risks. This trade-off may be amplified by the existing high and rapidly building leverage, increasing downside risks to future growth. The appropriate timing for deployment of macroprudential tools should be country-specific, depending on the pace of recovery, vulnerabilities, and policy tools available. Chapter 3 turns to the impact of the COVID-19 crisis on the commercial real estate sector. While there is little evidence of large price misalignments at the onset of the pandemic, signs of overvaluation have now emerged in some economies. Misalignments in commercial real estate prices, especially if they interact with other vulnerabilities, increase downside risks to future growth due to the possibility of sharp price corrections.

International Monetary Fund Annual Report 2021

International Monetary Fund. Secretary's Department
International Monetary Fund Annual Report 2021 Book PDF

Author : International Monetary Fund. Secretary's Department
Publisher : International Monetary Fund
Page : 74 pages
File Size : 43,7 Mb
Release : 2021-10-04
Category : Business & Economics
ISBN : 9781513568812

Get Book

International Monetary Fund Annual Report 2021 by International Monetary Fund. Secretary's Department Pdf

A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Guidance Note For Developing Government Local Currency Bond Markets

International Monetary Fund,World Bank
Guidance Note For Developing Government Local Currency Bond Markets Book PDF

Author : International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 157 pages
File Size : 55,5 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513573922

Get Book

Guidance Note For Developing Government Local Currency Bond Markets by International Monetary Fund,World Bank Pdf

This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.

Latin American Economic Outlook 2021 Working Together for a Better Recovery

OECD,Economic Commission for Latin America and the Caribbean,CAF Development Bank of Latin America,European Commission
Latin American Economic Outlook 2021 Working Together for a Better Recovery Book PDF

Author : OECD,Economic Commission for Latin America and the Caribbean,CAF Development Bank of Latin America,European Commission
Publisher : OECD Publishing
Page : 274 pages
File Size : 45,8 Mb
Release : 2021-12-02
Category : Electronic
ISBN : 9789264682313

Get Book

Latin American Economic Outlook 2021 Working Together for a Better Recovery by OECD,Economic Commission for Latin America and the Caribbean,CAF Development Bank of Latin America,European Commission Pdf

The Latin American Economic Outlook 2021: Working Together for a Better Recovery aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region. The report explores policy actions to improve social protection mechanisms and increase social inclusion, foster regional integration and strengthen industrial strategies, and rethink the social contract to restore trust and empower citizens at all stages of the policy‐making process.

Global Trends 2040

National Intelligence Council
Global Trends 2040 Book PDF

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 52,5 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

Get Book

Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Managing the Sovereign-Bank Nexus

Mr.Giovanni Dell'Ariccia,Caio Ferreira,Nigel Jenkinson,Mr.Luc Laeven,Alberto Martin,Ms.Camelia Minoiu,Alex Popov
Managing the Sovereign Bank Nexus Book PDF

Author : Mr.Giovanni Dell'Ariccia,Caio Ferreira,Nigel Jenkinson,Mr.Luc Laeven,Alberto Martin,Ms.Camelia Minoiu,Alex Popov
Publisher : International Monetary Fund
Page : 54 pages
File Size : 46,8 Mb
Release : 2018-09-07
Category : Business & Economics
ISBN : 9781484359624

Get Book

Managing the Sovereign-Bank Nexus by Mr.Giovanni Dell'Ariccia,Caio Ferreira,Nigel Jenkinson,Mr.Luc Laeven,Alberto Martin,Ms.Camelia Minoiu,Alex Popov Pdf

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.

COVID-19 and Emerging Markets

Cem Çakmaklı
COVID 19 and Emerging Markets Book PDF

Author : Cem Çakmaklı
Publisher : Unknown
Page : 128 pages
File Size : 42,6 Mb
Release : 2020
Category : Electronic
ISBN : OCLC:1178732742

Get Book

COVID-19 and Emerging Markets by Cem Çakmaklı Pdf

Abstract: We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model to Turkey. Sectoral supply shocks are based on the proximity requirements in each sector and the ability to work from home. Physical proximity determines the supply shock through its effect on infection rates. Sectoral demand shocks incorporate domestic and foreign demand, both of which adjust with infection rates. We calibrate demand shocks during COVID-19 using real-time credit card purchase data. Our results show that the optimal policy, which yields the lowest economic cost and saves the maximum number of lives, can be achieved under a full lockdown of 39 days. Economic costs are much larger for an open economy as the shocks are amplified through the international production network. A decline in foreign demand leads to losses in domestic sectors through international input-output linkages, accounting for a third of the total output loss. In addition, the reduction in capital flows deprives the network from its trade financing needs, where sectors with larger external finance needs experience larger losses. The policy options are limited given sparse fiscal resources to fight the pandemic domestically, while serving the external debt. We present historical evidence from 2001 crisis of Turkey, when fiscal, monetary and exchange rate policies were employed altogether to deal with a triple crisis of balance of payments, banking, and sovereign debt

COVID-19 and Economic Development in Latin America

Monika Meireles,Bruno De Conti,Diego Guevara
COVID 19 and Economic Development in Latin America Book PDF

Author : Monika Meireles,Bruno De Conti,Diego Guevara
Publisher : Taylor & Francis
Page : 151 pages
File Size : 47,6 Mb
Release : 2023-07-06
Category : Business & Economics
ISBN : 9781000907568

Get Book

COVID-19 and Economic Development in Latin America by Monika Meireles,Bruno De Conti,Diego Guevara Pdf

The impact of the COVID-19 pandemic on the global economy, just as with the Great Recession a decade earlier, has served to reinforce the fact that the world is hierarchically organized and the distribution of power between countries is distinctly asymmetric. Gathering multiple viewpoints of Latin American researchers, this book explores the impacts of the pandemic, including unequal access to vaccines and recovery finance, on economies in the region. The book is organised in three substantial sections: the first brings together conceptual work which rethinks the fundamental categories for critical thinking on the challenges for Latin American development in a post-pandemic scenario. In the second part, the chapters focus on studying the Latin American financial reconfiguration that is being driven by the pandemic, particularly through a comparison of the experience of countries of the world economy’s core and periphery. Finally, the third part evaluates the concrete experiences of different Latin American countries in this very specific historical moment, emphatically analyzing the economic policy responses that the governments are adopting to deal with the current sanitary emergency and its economic and social effects. From this, the book suggests keystone elements for the relaunch of development strategies in the region as it recovers from the pandemic. This book will be of particular interest to readers of critical or heterodox perspectives on the economics of the pandemic, Latin American development and emerging economies.

OECD Sovereign Borrowing Outlook 2020

OECD
OECD Sovereign Borrowing Outlook 2020 Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 64 pages
File Size : 42,5 Mb
Release : 2020-07-29
Category : Electronic
ISBN : 9789264529212

Get Book

OECD Sovereign Borrowing Outlook 2020 by OECD Pdf

The OECD Sovereign Borrowing Outlook provides regular updates on trends and developments associated with sovereign borrowing requirements, funding strategies, market infrastructure and debt levels from the perspective of public debt managers.

Economic and fiscal outlook

Office for Budget Responsibility
Economic and fiscal outlook Book PDF

Author : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 164 pages
File Size : 43,8 Mb
Release : 2010-11-29
Category : Business & Economics
ISBN : 0101797923

Get Book

Economic and fiscal outlook by Office for Budget Responsibility Pdf

The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.

Private Finance for Development

Hilary Devine,Adrian Peralta-Alva,Hoda Selim,Luc Eyraud,Preya Sharma,Ludger Wocken
Private Finance for Development Book PDF

Author : Hilary Devine,Adrian Peralta-Alva,Hoda Selim,Luc Eyraud,Preya Sharma,Ludger Wocken
Publisher : International Monetary Fund
Page : 161 pages
File Size : 53,8 Mb
Release : 2021-05-14
Category : Business & Economics
ISBN : 9781513571560

Get Book

Private Finance for Development by Hilary Devine,Adrian Peralta-Alva,Hoda Selim,Luc Eyraud,Preya Sharma,Ludger Wocken Pdf

The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.

Sustainable Development in Post-Pandemic Africa

Fred Olayele,Yiagadeesen Samy
Sustainable Development in Post Pandemic Africa Book PDF

Author : Fred Olayele,Yiagadeesen Samy
Publisher : Taylor & Francis
Page : 198 pages
File Size : 54,5 Mb
Release : 2022-10-21
Category : Political Science
ISBN : 9781000755367

Get Book

Sustainable Development in Post-Pandemic Africa by Fred Olayele,Yiagadeesen Samy Pdf

With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy. Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.

A Mandate to Grow

Eduardo A. Cavallo,Andrew Powell
A Mandate to Grow Book PDF

Author : Eduardo A. Cavallo,Andrew Powell
Publisher : Inter-American Development Bank
Page : 121 pages
File Size : 49,7 Mb
Release : 2018-03-15
Category : Business & Economics
ISBN : 8210379456XXX

Get Book

A Mandate to Grow by Eduardo A. Cavallo,Andrew Powell Pdf

The 2018 Macroeconomic Report, A Mandate to Grow, revisits the growth debate that has been raging in the region for the past half century. Viewing the debate from this long-term perspective allows for a focus on the structural factors that have prevented Latin America and the Caribbean from reaching the growth potential required to keep pace with faster growing regions and to fulfill the aspirations of its population.