TY  - GEN
AU  - Rodrigues Bastos, Fabiano
AU  - Gutiérrez, Diego
AU  - Queijo Von Heideken, Virginia
TI  - No Time for Later:  Rebuilding Macro Buffers in the Southern Cone amid a Revamped Global Financial Landscape
PY  - 2023
Y1  - 2023/01/23
DO  - 10.18235/0004571
AB  - Global financial shocks under a revamped global financial landscape can produce unexpected, multi-faceted, and disruptive implications for emerging market economies.  Using the VIX index as a proxy for global financial stress, we argue that Southern Cone macro conditions can undergo significant pressure under adverse global financial shocks. The region needs to start rebuilding macro buffers now -in addition to simultaneously correcting macro imbalances and enhancing policy frameworks- to cope with the emerging global financial environment. International organizations, including multilateral development banks, can play several key roles in supporting the rebuilding of macro buffers.
UR  - https://doi.org/10.18235/0004571
ER  -