TY  - BOOK
AU  - de la Torre
AU  - Augusto de la Torre
AU  - Augusto
AU  - de la Torre,Augusto
AU  - de la Torre
AU  - Eduardo Levy Yeyati
AU  - Eduardo
AU  - Levy Yeyati,Eduardo
AU  - Levy Yeyati
AU  - Pienknagura,Samuel
AU  - Pienknagura
AU  - Samuel Pienknagura
AU  - Samuel
TI  - LAC Semiannual Report, October 2013 : : Latin America's Deceleration and the Exchange Rate Buffer 
T2  - Latin America and the Caribbean Semiannual Report
PY  - 2013///
CY  - Washington, D.C.
PB  - The World Bank
KW  - economic growth
KW  - economic outlook
KW  - exchange rates
KW  - medium-term prospects
KW  - resilience
KW  - short-term prospects
KW  - slowdown
N2  - This semiannual report examines the short and medium-term challenges for Latin America and the Caribbean (LAC) as the external factors that were instrumental in the region's recent performance recede. In particular, we address the role of the exchange rate as a counter-cyclical policy tool to buffer adverse external shocks. As is customary in this series, Chapter 1 starts by providing an overview of the global economy and its implications for the short and medium-term prospects of the LAC region. It also examines the vulnerabilities of the region as tailwinds recede. Chapter 2 describes the new role of the exchange rate as a shock absorber in LAC amid the important transformations observed in the region in the past decade on the macro-financial front. Finally, Chapter 3 gives a detailed look at exchange rate-smoothing policy interventions
UR  - http://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-0115-0
ER  -