Sudden Stops in Latin America and the Caribbean during COVID-19
External capital accounts suffered during the COVID-19 crisis in Latin America and the Caribbean, but perhaps surprisingly the impacts were less severe than in previous crises. Gross capital inflows offset the outflows of residents, in sharp contrast to the global financial crisis of 2008/09 when residents repatriation of capital countered withdrawals from non-residents. In general, the result was relatively stable net capital inflows and modest current account adjustments. Still, some countries that had seen inflows fall prior to the crisis, reflecting weaker fundamentals, suffered Sudden Stops in net capital flows. Given accommodating global monetary policy, sound fundamentals ensured access to liquid international capital markets, reducing the impacts of Sudden Stops during the pandemic.
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Language: | English |
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Inter-American Development Bank
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Subjects: | Sudden Stop, Capital Inflow, Capital Flow, Economy, Global Financial Crisis, Coronavirus, Finance, F30 - International Finance: General, F32 - Current Account Adjustment • Short-Term Capital Movements, F40 - Macroeconomic Aspects of International Trade and Finance: General, External account, |
Online Access: | http://dx.doi.org/10.18235/0003999 https://publications.iadb.org/en/sudden-stops-latin-america-and-caribbean-during-covid-19 |
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dig-bid-node-318832023-09-12T20:08:42ZSudden Stops in Latin America and the Caribbean during COVID-19 2022-02-18T00:02:00+0000 http://dx.doi.org/10.18235/0003999 https://publications.iadb.org/en/sudden-stops-latin-america-and-caribbean-during-covid-19 Inter-American Development Bank Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account External capital accounts suffered during the COVID-19 crisis in Latin America and the Caribbean, but perhaps surprisingly the impacts were less severe than in previous crises. Gross capital inflows offset the outflows of residents, in sharp contrast to the global financial crisis of 2008/09 when residents repatriation of capital countered withdrawals from non-residents. In general, the result was relatively stable net capital inflows and modest current account adjustments. Still, some countries that had seen inflows fall prior to the crisis, reflecting weaker fundamentals, suffered Sudden Stops in net capital flows. Given accommodating global monetary policy, sound fundamentals ensured access to liquid international capital markets, reducing the impacts of Sudden Stops during the pandemic. Inter-American Development Bank Eduardo A. Cavallo María José González Jaramillo Juan Hernández Andrew Powell IDB Publications Latin America and the Caribbean en |
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Biblioteca Felipe Herrera del BID |
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Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account |
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Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account Inter-American Development Bank Sudden Stops in Latin America and the Caribbean during COVID-19 |
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External capital accounts suffered during the COVID-19 crisis in Latin America and the Caribbean, but perhaps surprisingly the impacts were less severe than in previous crises. Gross capital inflows offset the outflows of residents, in sharp contrast to the global financial crisis of 2008/09 when residents repatriation of capital countered withdrawals from non-residents. In general, the result was relatively stable net capital inflows and modest current account adjustments. Still, some countries that had seen inflows fall prior to the crisis, reflecting weaker fundamentals, suffered Sudden Stops in net capital flows. Given accommodating global monetary policy, sound fundamentals ensured access to liquid international capital markets, reducing the impacts of Sudden Stops during the pandemic. |
author2 |
Eduardo A. Cavallo |
author_facet |
Eduardo A. Cavallo Inter-American Development Bank |
topic_facet |
Sudden Stop Capital Inflow Capital Flow Economy Global Financial Crisis Coronavirus Finance F30 - International Finance: General F32 - Current Account Adjustment • Short-Term Capital Movements F40 - Macroeconomic Aspects of International Trade and Finance: General External account |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Sudden Stops in Latin America and the Caribbean during COVID-19 |
title_short |
Sudden Stops in Latin America and the Caribbean during COVID-19 |
title_full |
Sudden Stops in Latin America and the Caribbean during COVID-19 |
title_fullStr |
Sudden Stops in Latin America and the Caribbean during COVID-19 |
title_full_unstemmed |
Sudden Stops in Latin America and the Caribbean during COVID-19 |
title_sort |
sudden stops in latin america and the caribbean during covid-19 |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0003999 https://publications.iadb.org/en/sudden-stops-latin-america-and-caribbean-during-covid-19 |
work_keys_str_mv |
AT interamericandevelopmentbank suddenstopsinlatinamericaandthecaribbeanduringcovid19 |
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1806237832363114496 |