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150128 ||| eng |
020 |
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|a 9781475588835
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100 |
1 |
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|a Adler, Gustavo
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245 |
0 |
0 |
|a External Conditions and Debt Sustainability in Latin America
|c Gustavo Adler, Sebastian Sosa
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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300 |
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|a 51 pages
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651 |
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4 |
|a Chile
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653 |
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|a Fiscal stance
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653 |
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|a Public debt
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653 |
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|a Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation
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653 |
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|a Dynamic Treatment Effect Models
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653 |
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|a Public finance & taxation
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653 |
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|a National Deficit Surplus
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653 |
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|a Debt Management
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653 |
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|a Fiscal Policy
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653 |
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|a Debts, Public
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653 |
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|a Open Economy Macroeconomics
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653 |
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|a Debt
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653 |
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|a Exports and Imports
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653 |
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|a Diffusion Processes
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653 |
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|a Fiscal policy
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653 |
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|a International Lending and Debt Problems
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653 |
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|a International economics
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653 |
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|a External debt
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653 |
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|a Debts, External
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653 |
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|a Time-Series Models
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653 |
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|a Sovereign Debt
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653 |
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|a Macroeconomics
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653 |
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|a Debt sustainability
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653 |
|
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|a Dynamic Quantile Regressions
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653 |
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|a State Space Models
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653 |
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|a Public Finance
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653 |
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|a Debt sustainability analysis
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700 |
1 |
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|a Sosa, Sebastian
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
|
490 |
0 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781475588835.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2013/027/001.2013.issue-027-en.xml?cid=40282-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a 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
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