TY - BOOK ID - 84659298 TI - External conditions and debt sustainability in Latin America AU - Adler, Gustavo AU - Sosa, Sebastian. AU - International Monetary Fund. PY - 2013 SN - 1475525834 1475555172 1299265065 1475569890 9781475569896 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Debts, Public KW - Debts, External KW - Debts, Government KW - Government debts KW - National debts KW - Public debt KW - Public debts KW - Sovereign debt KW - Debt KW - Bonds KW - Deficit financing KW - E-books KW - Exports and Imports KW - Macroeconomics KW - Public Finance KW - Time-Series Models KW - Dynamic Quantile Regressions KW - Dynamic Treatment Effect Models KW - Diffusion Processes KW - State Space Models KW - Fiscal Policy KW - Open Economy Macroeconomics KW - Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation KW - National Deficit Surplus KW - Debt Management KW - Sovereign Debt KW - International Lending and Debt Problems KW - International economics KW - Public finance & taxation KW - External debt KW - Fiscal stance KW - Debt sustainability analysis KW - Debt sustainability KW - Fiscal policy KW - Chile UR - https://www.unicat.be/uniCat?func=search&query=sysid:84659298 AB - Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework that integrates econometric estimates of the effect of global factors on key domestic variables that determine public and external debt dynamics, with the IMF‘s standard debt sustainability framework. Results suggest that, while some countries in the region are well placed to withstand moderate or even large shocks, many would benefit from having stronger buffers to be in a position to deploy countercyclical policies, especially under tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries. ER -