Central America, Panama, And The Dominican Republic: Challenges Following The 2008-09 Global Crisis

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9781616353780: Central America, Panama, And The Dominican Republic: Challenges Following The 2008-09 Global Crisis

Designed by Adam Chen. Edited by William Wallack and George Gonsalez. Provides color photographs of every space shuttle crew and details about each mission. Includes information from STS-1 to STS-135.

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International Monetary Fund
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Published by International Monetary Fund (2012)
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Book Description International Monetary Fund (IMF), United States, 2013. Paperback. Book Condition: New. Language: English . Brand New Book. Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision. Bookseller Inventory # AAN9781616353780

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Marco Pinon, International Monetary Fund
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Book Description International Monetary Fund (IMF), United States, 2013. Paperback. Book Condition: New. Language: English . Brand New Book. Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision. Bookseller Inventory # AAN9781616353780

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Pinon, Marco [Editor]; Lopez-Mejia, Alejandro [Editor]; Garza, Mario [Editor];
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International Monetary Fund
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International Monetary Fund
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Delgado Fernando L. Garza Mario L?pez-Mej?a Alejandro Pi??n Marco
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International Monetary Fund
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