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Western Hemisphere > Paraguay

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  • Type: Journal Issue x
  • Agricultural economics x
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Cover IMF Staff Country Reports
Paraguay: Consulta del Artículo IV correspondiente a 2011
International Monetary Fund
En los últimos años, el FMI ha publicado cada vez más informes y trabajos que abarcan los fenómenos y tendencias en materia económica y financiera en los países miembros. Un equipo de integrantes del personal técnico del FMI elabora cada informe tras celebrar consultas con los funcionarios de los gobiernos; el país miembro puede optar por publicar el informe.
Keywords:
ISCR; CR; excess reserves; bank excess reserves
Cover IMF Staff Country Reports
Paraguay: Selected Issues
International Monetary Fund
Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The high level of bank excess reserves in Paraguay reflects a mixture of precautionary and involuntary factors. Large bank excess reserves weaken the monetary transmission channel, and cause inefficiency costs. Bank reforms should be undertaken to preserve financial and macroeconomic stability.
Keywords:
ISCR; CR; excess reserves; bank excess reserves; output gap estimation; GDP growth; longrun output trend; growth performance; Agricultural sector; Reserve requirements; Output gap; Bank deposits; Central bank policy rate; Global; Central America
Cover IMF Working Papers
Measuring the Informal Economy in Latin America and the Caribbean
Guillermo Javier Vuletin
This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent tax system and regulatory environment, higher inflation, and dominance of the agriculture sector are key factors in determining the size of the informal economy. The results also confirm that a higher degree of informality reduces labor unionization, the number of contributors to social security schemes, and enrollment rates in education.
Keywords:
WP; informal economy share; tax burden