Multilateral banking and development financing in a context of financial volatility
Includes bibliography
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2014
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oai-11362-51002020-03-04T19:57:23Z Multilateral banking and development financing in a context of financial volatility Titelman Kardonsky, Daniel Korea Institute for International Economic Policy NU. CEPAL NU. CEPAL. Unidad de Estudios Especiales República de Corea ASISTENCIA FINANCIERA BANCOS DE DESARROLLO INCERTIDUMBRE MOVIMIENTOS DE CAPITAL PRESTAMOS EXTRANJEROS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CAPITAL MOVEMENTS DEVELOPMENT BANKS FINANCIAL ASSISTANCE FOREIGN LOANS UNCERTAINTY MONETARY SYSTEMS FINANCIAL RESOURCES Includes bibliography Abstract In the 1990s, the economic performance of the Latin American and Caribbean economies was highly dependent on capital inflows into the region. Access to external financing coupled with better macroeconomic management, boosted growth and brought inflation down considerably. However, the processes of expansion and contraction on international financial markets led to volatility in international capital movements, which resulted in an unstable growth path. The paper discusses the composition and volatility of financial flows into Latin American and Caribbean countries. Indicators of external vulnerability and macroeconomic performance are also analysed. The study also points out the role of multilateral banking in financing development in Latin American and Caribbean economies. Multilateral banking has played a significant role in support of public and private investments projects in the region, and by providing contra-cyclical financing when the private capital flows were volatile. To date, such banks have concentrated mainly on financing investment projects in different sectors. Indeed, in recent years, much emphasis has been placed on financing for the support of State and social sector management reforms. In the near future multilateral banks should assume a leading role in improving access to private and public international resources. In this regard, the Andean Development Corporation (Corporación Andina de Fomento (CAF)), the Inter-American Development Bank (IDB) and the World Bank have already achieved positive results. 2014-01-02T15:43:32Z 2014-01-02T15:43:32Z 2002-06 Texto Documento Completo 9211213584 http://hdl.handle.net/11362/5100 LC/L.1746-P en Serie Financiamiento del Desarrollo 121 application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
ASISTENCIA FINANCIERA BANCOS DE DESARROLLO INCERTIDUMBRE MOVIMIENTOS DE CAPITAL PRESTAMOS EXTRANJEROS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CAPITAL MOVEMENTS DEVELOPMENT BANKS FINANCIAL ASSISTANCE FOREIGN LOANS UNCERTAINTY MONETARY SYSTEMS FINANCIAL RESOURCES |
spellingShingle |
ASISTENCIA FINANCIERA BANCOS DE DESARROLLO INCERTIDUMBRE MOVIMIENTOS DE CAPITAL PRESTAMOS EXTRANJEROS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CAPITAL MOVEMENTS DEVELOPMENT BANKS FINANCIAL ASSISTANCE FOREIGN LOANS UNCERTAINTY MONETARY SYSTEMS FINANCIAL RESOURCES Titelman Kardonsky, Daniel Multilateral banking and development financing in a context of financial volatility |
description |
Includes bibliography |
author2 |
Korea Institute for International Economic Policy |
author_facet |
Korea Institute for International Economic Policy Titelman Kardonsky, Daniel |
format |
Texto |
author |
Titelman Kardonsky, Daniel |
author_sort |
Titelman Kardonsky, Daniel |
title |
Multilateral banking and development financing in a context of financial volatility |
title_short |
Multilateral banking and development financing in a context of financial volatility |
title_full |
Multilateral banking and development financing in a context of financial volatility |
title_fullStr |
Multilateral banking and development financing in a context of financial volatility |
title_full_unstemmed |
Multilateral banking and development financing in a context of financial volatility |
title_sort |
multilateral banking and development financing in a context of financial volatility |
publisher |
ECLAC |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/5100 |
work_keys_str_mv |
AT titelmankardonskydaniel multilateralbankinganddevelopmentfinancinginacontextoffinancialvolatility |
_version_ |
1718442930202476544 |