LAC Semiannual Report, October 2013

LAC Semiannual Report, October 2013

Latin America s Deceleration and the Exchange Rate Buffer

by Augusto de la Torre, Eduardo Levy Yeyati, Samuel Pienknagura

83 pages· 2013· ISBN 9781464801150
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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.

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