Managing economic volatility in Latin America : capital flows, terms of trade, and macroeconomic policy in Latin America

This collection provides novel contributions on capital flows, terms of trade, and macroeconomic policy with an emphasis on Latin America. Chapters focus on some of the fundamental issues related to capital flows and terms-of-trade shocks and discuss key analytical questions on assessing reserves adequacy and current account levels. The roles of macroprudential policies and exchange rate regimes in coping with large inflows are also examined, as well as the effectiveness of both monetary policy and fiscal policy in dealing with economic challenges in the region.