Liquidity and foreing asset management challenges for Latin America countries

Liquidity and foreing asset management challenges for Latin America countries

The Global Financial Crisis put to the fore the challenges of managing liquidity and foreign assets at times of heightened volatility. Earlier concerns of some observers regarding the costs of precautionary hoarding notwithstanding the Global Financial Crisis (GFC) validated the buffer value of inte...

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Autores principales: Aizenman, Joshua, Riera-Crichton, Daniel
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
LIQUIDEZ (ECONOMÍA)
CRISIS FINANCIERA
Acceso en línea:https://hdl.handle.net/20.500.12580/3836
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spelling oai-20.500.12580-38362021-04-24T11:11:17Z Liquidity and foreing asset management challenges for Latin America countries Aizenman, Joshua Riera-Crichton, Daniel LIQUIDEZ (ECONOMÍA) CRISIS FINANCIERA The Global Financial Crisis put to the fore the challenges of managing liquidity and foreign assets at times of heightened volatility. Earlier concerns of some observers regarding the costs of precautionary hoarding notwithstanding the Global Financial Crisis (GFC) validated the buffer value of international reserves and active management of buffer funds. These issues are especially pertinent for commodity exporters where the high volatility of their commodity terms of trade translates into large shocks impacting the real exchange rate and the GDP. The history of Latin American countries provides ample examples where adverse terms of trade shocks terminated spells of ‘good time’ leading to capital flight and financial crises. 2019-11-01T00:06:23Z 2019-11-01T00:06:23Z 2014 Artículo 978-956-7421-50-3 https://hdl.handle.net/20.500.12580/3836 eng Series on Central Banking Analysis and Economic Policies no. 22 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 91-134 application/pdf AMÉRICA LATINA Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic LIQUIDEZ (ECONOMÍA)
CRISIS FINANCIERA
spellingShingle LIQUIDEZ (ECONOMÍA)
CRISIS FINANCIERA
Aizenman, Joshua
Riera-Crichton, Daniel
Liquidity and foreing asset management challenges for Latin America countries
description The Global Financial Crisis put to the fore the challenges of managing liquidity and foreign assets at times of heightened volatility. Earlier concerns of some observers regarding the costs of precautionary hoarding notwithstanding the Global Financial Crisis (GFC) validated the buffer value of international reserves and active management of buffer funds. These issues are especially pertinent for commodity exporters where the high volatility of their commodity terms of trade translates into large shocks impacting the real exchange rate and the GDP. The history of Latin American countries provides ample examples where adverse terms of trade shocks terminated spells of ‘good time’ leading to capital flight and financial crises.
format Artículo
author Aizenman, Joshua
Riera-Crichton, Daniel
author_facet Aizenman, Joshua
Riera-Crichton, Daniel
author_sort Aizenman, Joshua
title Liquidity and foreing asset management challenges for Latin America countries
title_short Liquidity and foreing asset management challenges for Latin America countries
title_full Liquidity and foreing asset management challenges for Latin America countries
title_fullStr Liquidity and foreing asset management challenges for Latin America countries
title_full_unstemmed Liquidity and foreing asset management challenges for Latin America countries
title_sort liquidity and foreing asset management challenges for latin america countries
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3836
work_keys_str_mv AT aizenmanjoshua liquidityandforeingassetmanagementchallengesforlatinamericacountries
AT rieracrichtondaniel liquidityandforeingassetmanagementchallengesforlatinamericacountries
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