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dc.titleNo Time for Later: Rebuilding Macro Buffers in the Southern Cone amid a Revamped Global Financial Landscape
dc.contributor.authorRodrigues Bastos, Fabiano
dc.contributor.authorGutiérrez, Diego
dc.contributor.authorQueijo Von Heideken, Virginia
dc.contributor.orgunitCountry Department Southern Cone
dc.coverageBrazil
dc.coverageChile
dc.coverageUruguay
dc.coverageParaguay
dc.coverageSouthern Cone
dc.date.available2023-01-23T09:14:54
dc.date.issue2022-11-28T00:11:00
dc.description.abstractGlobal 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.
dc.format.extent10
dc.identifier.doihttp://dx.doi.org/10.18235/0004571
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/No-Time-for-Later--Rebuilding-Macro-Buffers-in-the-Southern-Cone-amid-a-Revamped-Global-Financial-Landscape.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subjectFinancial Market
dc.subjectFiscal Policy
dc.subjectInvestment
dc.subjectMacroeconomic Policy
dc.subjectCountry Risk
dc.subjectEmerging Market
dc.subjectStandard Deviation
dc.subjectMacroeconomy
dc.subjectFinance
dc.subject.jelcodeE44 - Financial Markets and the Macroeconomy
dc.subject.jelcodeE52 - Monetary Policy
dc.subject.jelcodeE58 - Central Banks and Their Policies
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeF42 - International Policy Coordination and Transmission
dc.subject.keywordsfinancial markets;macroeconomics;Monetary policy;Fiscal Policy.
idb.identifier.pubnumberIDB-DP-00968
idb.operationRG-T3276
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