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150128 ||| eng |
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|a 9781616353780
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|a Piñón-Farah, Marco
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| 245 |
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|a Central America, Panama, and the Dominican Republic
|b Challenges Following the 2008-09 Global Crisis: Challenges Following the 2008-09 Global Crisis
|c Marco Piñón-Farah, Alejandro Lopez Mejia, M. (Mario) Garza, Fernando Delgado
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2012
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| 300 |
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|a 280 pages
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| 651 |
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4 |
|a Dominican Republic
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| 653 |
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|a Interest rates
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| 653 |
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|a Payment Systems
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| 653 |
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|a Public debt
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| 653 |
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|a Banks
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Regimes
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| 653 |
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|a Financial services
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| 653 |
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|a Debts, Public
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| 653 |
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|a Monetary policy frameworks
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Standards
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| 653 |
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|a Currencies
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Revenue administration
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| 653 |
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|a State supervision
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| 653 |
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|a Dollarization
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| 653 |
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|a Monetary economics
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| 653 |
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|a Debt Management
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Debt
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Monetary policy
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Revenue
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| 653 |
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|a Central bank policy rate
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| 700 |
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|a Delgado, Fernando
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|a Garza, M. (Mario)
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| 700 |
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|a Lopez Mejia, Alejandro
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 028 |
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|a 10.5089/9781616353780.071
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| 856 |
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|u https://elibrary.imf.org/display/book/9781616353780/9781616353780.xml?cid=25704-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision
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