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dc.titleThe Fiscal Impact of the International Financial Crisis on Latin American and Caribbean Economies
dc.contributor.authorFretes Cibils, Vicente
dc.contributor.authorVillela, Luiz Arruda
dc.contributor.orgunitFiscal and Municipal Management Division
dc.coverageThe Caribbean
dc.coverageSouth America
dc.coverageCentral America
dc.date.available2013-01-22T00:00:00
dc.date.issue2008-10-01T00:00:00
dc.description.abstractThe main objective of this Technical Note is to provide a simple framework to determine the short-term fiscal impact of the international financial crisis on Latin American and Caribbean (LAC) countries, i.e., fiscal financing needs/gap by country (or fiscal liquidity impact). In addition, it will provide a framework to evaluate fiscal sustainability by country (or fiscal solvency impact). In both cases, and depending of the particular country under analysis, transmission mechanisms (variables) will be identified, and sensitivity analysis will be carried out to determine the robustness of their impact. Given that LAC economies are quite heterogeneous, the standard framework will require adjustments to reflect each individual case under analysis. The Note also proposes to start the analysis on those countries with relatively weakest initial conditions as defined by countries with primary and overall fiscal deficits.
dc.format.extent10
dc.identifier.doihttp://dx.doi.org/10.18235/0009070
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Fiscal-Impact-of-the-International-Financial-Crisis-on-Latin-American-and-Caribbean-Economies.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Crisis and Structural Adjustement
dc.subjectFinancial Sector
dc.subject.keywordsFiscal Impact, global financial crisis
dc.typeTechnical Notes
idb.identifier.pubnumberTechnical Notes
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