LAC Semiannual Report April 2014

Download or read book LAC Semiannual Report April 2014 written by Augusto de la Torre and published by World Bank Publications. This book was released on 2014-04-24 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: As usual in this series, Chapter 1 reviews the configuration of global risks and assesses the outstanding short term opportunities and challenges facing the LAC region. A special focus is placed this time around on the difference between exposure and vulnerability to exogenous shocks, with the latter assessed by adjusting exposure for a country’s shock absorption policy capacity. Given the global context and associated concerns with capital flow volatility, in Chapter 2 we take a look at the comparatively more stable components of international flows: FDI and Remittances. The cyclicality and volatility, as well as the joint determinants of FDI and Remittances are reviewed.