Liquidity and foreing asset management challenges for Latin America countries

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dc.contributor.authorAizenman, Joshua
dc.contributor.authorRiera-Crichton, Daniel
dc.coverage.spatialAMÉRICA LATINAes_ES
dc.date.accessioned2019-11-01T00:06:23Z
dc.date.available2019-11-01T00:06:23Z
dc.date.issued2014
dc.descriptionThe Global Financial Crisis put to the fore the challenges of managing liquidity and foreign assets at times of heightened volatility. Earlier concerns of some observers regarding the costs of precautionary hoarding notwithstanding the Global Financial Crisis (GFC) validated the buffer value of international reserves and active management of buffer funds. These issues are especially pertinent for commodity exporters where the high volatility of their commodity terms of trade translates into large shocks impacting the real exchange rate and the GDP. The history of Latin American countries provides ample examples where adverse terms of trade shocks terminated spells of ‘good time’ leading to capital flight and financial crises.
dc.file.nameBCCh-sbc-v22-p091_134
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 91-134
dc.identifier.isbn978-956-7421-50-3
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3836
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 22
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectLIQUIDEZ (ECONOMÍA)es_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.titleLiquidity and foreing asset management challenges for Latin America countries
dc.type.docArtículo

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