Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Chile

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • International Lending and Debt Problems x
  • Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models x
  • Debts, Public x
  • Debt; Debt Management; Sovereign Debt x
Clear All Modify Search
Cover IMF Working Papers
External Conditions and Debt Sustainability in Latin America
Gustavo Adler and Mr. Sebastian Sosa
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.
Keywords:
WP; potential GDP; public debt; external debt; debt sustainability; Latin America; commodity revenue; sustainability indicator; public debt debt ratio; financing flow; debt trajectory; motion equation; debt level; debt motion equation; Fiscal stance; Debt sustainability analysis; Global