Understanding Corporate Vulnerabilities in Latin America PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Understanding Corporate Vulnerabilities in Latin America PDF full book. Access full book title Understanding Corporate Vulnerabilities in Latin America by Carlos Caceres. Download full books in PDF and EPUB format.
Author: Carlos Caceres
Publisher: International Monetary Fund
ISBN: 1475525877
Category : Business & Economics
Languages : en
Pages : 34
Get Book Here
Book Description
This paper analyzes the potential risks and vulnerabilities of non-financial corporates in Latin America and Canada. We quantify the impact of company-specific, countryspecific, and global factors in driving corporate spreads. Overall, we found that all these factors play a role in explaining corporate risk. In particular, country specific factors such as exchange rate and sovereign CDS spreads are significantly associated with changes in corporate spreads, underscoring the importance of solid policy frameworks. We also find that global conditions, such as the VIX, are dominant drivers of corporate spreads. In recent years, the adverse effects from deteriorating domestic conditions have been broadly offset by relatively bening global financial conditions. However, a sustained reversal in these conditions would put significant pressure on corporate risk.
Author: Carlos Caceres
Publisher: International Monetary Fund
ISBN: 1475525877
Category : Business & Economics
Languages : en
Pages : 34
Get Book Here
Book Description
This paper analyzes the potential risks and vulnerabilities of non-financial corporates in Latin America and Canada. We quantify the impact of company-specific, countryspecific, and global factors in driving corporate spreads. Overall, we found that all these factors play a role in explaining corporate risk. In particular, country specific factors such as exchange rate and sovereign CDS spreads are significantly associated with changes in corporate spreads, underscoring the importance of solid policy frameworks. We also find that global conditions, such as the VIX, are dominant drivers of corporate spreads. In recent years, the adverse effects from deteriorating domestic conditions have been broadly offset by relatively bening global financial conditions. However, a sustained reversal in these conditions would put significant pressure on corporate risk.
Author: Ms.Maria Gonzalez
Publisher: International Monetary Fund
ISBN: 1475513488
Category : Business & Economics
Languages : en
Pages : 43
Get Book Here
Book Description
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18 countries in 2000-11. Results suggest that higher leverage and maturity exposures raise a firm’s probability to become exposed to a funding shock, while a larger firm size and buffers reduce it. Further, greater exchange rate flexibility can help mitigate corporate vulnerability. Identification of firms at risk through the model suggests that some vulnerabilities may be building in Latin America led by leverage, currency exposures and moderating buffers. These effects are partially offset, however, by a significant reduction in maturity exposures.
Author: Maria de los Angeles Gonzalez
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
Get Book Here
Book Description
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18 countries in 2000-11. Results suggest that higher leverage and maturity exposures raise a firm's probability to become exposed to a funding shock, while a larger firm size and buffers reduce it. Further, greater exchange rate flexibility can help mitigate corporate vulnerability. Identification of firms at risk through the model suggests that some vulnerabilities may be building in Latin America led by leverage, currency exposures and moderating buffers. These effects are partially offset, however, by a significant reduction in maturity exposures.
Author: Latin American Newsletters
Publisher:
ISBN:
Category : Debts, External
Languages : en
Pages : 14
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 73
Get Book Here
Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264313761
Category :
Languages : en
Pages : 234
Get Book Here
Book Description
The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach in the region. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment.
Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
ISBN: 1484303180
Category : Business & Economics
Languages : en
Pages : 57
Get Book Here
Book Description
This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264682317
Category :
Languages : en
Pages : 274
Get Book Here
Book Description
The Latin American Economic Outlook 2021: Working Together for a Better Recovery aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region. The report explores policy actions to improve social protection mechanisms and increase social inclusion, foster regional integration and strengthen industrial strategies, and rethink the social contract to restore trust and empower citizens at all stages of the policy‐making process.
Author: José De Gregorio
Publisher: Columbia University Press
ISBN: 0881326798
Category : Business & Economics
Languages : en
Pages : 205
Get Book Here
Book Description
Why has the economy of Latin America responded more positively than Asia, Europe or the United States after being hit by the recent global financial crisis? Three years after the worst of the crisis, Latin America's GDP is 25 percent higher than its precrisis level. José De Gregorio, Governor of the Central Bank of Chile from 2007 to 2011, tells the story of how Latin America has responded to the crisis with a perspective that only an insider can have. De Gregorio focuses on the seven largest economies of the region, Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela (90 percent of the region's output). He argues that Latin America was resilient because of good macroeconomic policies, strong financial systems, and "a bit of luck."
Author: Walter Leal Filho
Publisher: Springer
ISBN: 3319569465
Category : Science
Languages : en
Pages : 534
Get Book Here
Book Description
This book showcases experiences from research, field projects and best practice in climate change adaptation in countries in the Latin American region, focusing on managing vulnerability and fostering resilience. It includes a selection of papers presented at a specialist symposium on climate change adaptation held in Rio de Janeiro, Brazil in November 2016.Consistent with the need for more cross-sectoral interaction among the various stakeholders working in the field of climate change adaptation in Latin America, the book documents and disseminates the wealth of experiences in the region. It is divided into two main parts: Part 1 addresses the current and future impacts of climate change on fauna, flora and landscapes, while Part 2 is concerned with the socio-economic aspects of climate change adaptation, analyzing some of the main problems prevailing in this vulnerable region and examining ways to address them.
