The pandemic was not only a health crisis; it also transformed the macroeconomic landscape of the region. In our new blog, we present the results of our recent research, in which we analyze how expansions in public spending during and after COVID-19 contributed to the increase and persistence of inflation in several Latin American countries.
This study utilizes weekly datasets on loan growth in Colombia to develop a daily indicator of credit expansion using a two-step machine learning approach.
Early warning systems represent a crucial asset for regulatory bodies and financial system overseers. While on-site monitoring stands out as a premier means through which authorities can glean both quantitative and qualitative insights into the fiscal well-being of the entities under scrutiny, the execution of such monitoring at a high frequency can incur substantial costs.
In 2023, the international context was characterized by lower economic growth than in the previous year in an environment of higher global interest rates. Consumer inflation remained above its target despite declines in most of the world’s economies.
The impact of integration on financial stability is a topic that has generated an extensive debate on its advantages and disadvantages. In our most recent study we revisit the debate on the effects of openness on financial stability.
FLARblog | What Happened to Integration and Financial Stability after the Global Financial Crisis? An Answer from Machine Learning
Instant Payments: The Present and Future of Payments in Latin America and the Caribbean
We are pleased to share with you the re-run of the session ‘Monetary Policy in Sudden Stop-Prone Economies’ by FLAR at the LACEA – LAMES 2023 annual meeting.
Press release | Joint IMF-RFAs press release on the 8th High-level RFA Dialogue
New Working Paper | U.S. Monetary Policy Shocks and Bank Lending in Latin America: Evidence of an International Bank Lending Channel
FLARblog | Does the U.S. Monetary Policy Shocks Affect Bank Lending in Latin America?
FLARblog | Latin America: A better than expected second quarter.
New working paper in academic journal | An Explained Extreme Gradient Boosting Approach for Identifying the Time-Varying Determinants of Sovereign Risk
FLARblog | Fiscal Resilience in a Post-Pandemic World: This time is not different.
This study provides an overview of steps taken by Regional Financing Arrangements (RFAs) to incorporate climate considerations into their activities, covering the areas of economic monitoring, lending, capacity building, and internal policies and operations.
New Working Paper | Banks’ Leverage in Foreign Exchange Derivatives in Times of Crises: A Tale of Two Countries
On October 27, the XXXVI Conference of Central Banks and Official Institutions was held in Cartagena de Indias. In its 36 editions, this is the first to propose a hybrid format for its sessions.