Paraguay : Selected Issues
This Selected Issues paper for Paraguay discusses how capital inflows contributed to credit expansions. Capital inflows contribute to a rapid expansion of private credit, exacerbating credit and business cycles. These effects are stronger under more rigid exchange rate arrangements and in economies...
| Corporate Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2012
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| Series: | IMF Staff Country Reports ;
Country Report No. 12/212 IMF Staff Country Reports; Country Report ; No. 2012/212 IMF eLibrary |
| Subjects: |
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| 110 | 2 | |a International Monetary Fund | |
| 245 | 1 | 0 | |a Paraguay : |b Selected Issues |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2012 | |
| 300 | |a 1 online resource (29 pages) | ||
| 300 | |a 1 online resource (30 p.) | ||
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| 490 | 1 | |a IMF Staff Country Reports ; |v Country Report No. 12/212 | |
| 490 | 1 | |a IMF Staff Country Reports | |
| 500 | |a Description based upon print version of record | ||
| 500 | |a Part of the IMF eLibrary collection | ||
| 504 | |a Includes bibliographical references | ||
| 505 | 0 | |a ""Cover""; ""Contents""; ""I. Credit Booms: Relaxing Constraints During Capital Inflow Booms""; ""A. Introduction""; ""B. Data and Methodology""; ""C. Econometric Methodology""; ""D. Data""; ""E. Results""; ""F. The Case of Paraguay""; ""G. Concluding Remarks""; ""Figures""; ""1. Macro Data: Cyclical Components""; ""2. Firms Data: Cyclical Components""; ""3. Financial and Capital Account (Cyclical Deviation)""; ""4. External Financial Account (In Percent of GDP, Cyclical Deviation)""; ""5. Credit to the Private Sector""; ""6. Consumption (Cyclical Deviation)"" | |
| 505 | 8 | |a ""7. Impulse Responses of Paraguayan Non-Agricultural GDP to Shocks to Trading Partners� Variables and Global Commodity Prices""""8. Decomposition of Response of Paraguayan Non-Agricultural GDP to Financial Conditions in Trading Partners""; ""9. Selected Impulse Response Functions from the Extended Models with Domestic Credit Channels""; ""10. Decomposition of Response of Paraguayan Non-Agricultural GDP to Financial Conditions in Trading Partners: Role of Domestic Credit Channels""; ""References""; ""Appendix Tables"" | |
| 505 | 8 | |a ""7. Investment (Cyclical Deviation)""""8. Real GDP (Cyclical Deviation)""; ""9. REER (Cyclical Deviation)""; ""10. Credit to the Private Sector (y-o-y % change)""; ""11. Credit to the Private Sector (3mm saar % change)""; ""Tables""; ""1. Variables� Descriptions""; ""2. Regions""; ""3. Exchange Rate Regime""; ""4. Proportional Change""; ""5. Robustness-Exchange Rate Regime""; ""6. Sector Tradability""; ""7. Robustness-Exchange Rate Regime""; ""8. Robustness-Additional Controls""; ""9. Robustness-Type of Capital Flows""; ""References"" | |
| 505 | 8 | |a ""A1. Selected Impulse Response Functions from the Extended Models with Domestic Credit Channels""""A2. Decomposition of Response of Paraguayan Non-Agricultural GDP to Financial Conditions in Trading Partners: Role of Domestic Credit Channels"" | |
| 505 | 8 | |a ""II. External Financial Shocks: How Important for Paraguay?""""A. Introduction""; ""B. Channels of Spillovers""; ""C. Methodology and Data""; ""D. Empirical Results""; ""E. Concluding Remarks""; ""Figures""; ""1. Banking System Credit to Domestic Non-Financial Private Sector""; ""2. Contribution by Industry to Growth of Private Sector Credit""; ""3. International Banking Gross Claims on Paraguay: Amounts Outstanding""; ""4. Exports of Goods and Services, 2011""; ""5. Paraguay�s GDP and Brazil�s Imports""; ""6. GDP Growth and Financial Conditions"" | |
| 506 | |a Restricted for use by site license | ||
| 506 | |a Restricted for use by site license. | ||
| 520 | 3 | |a This Selected Issues paper for Paraguay discusses how capital inflows contributed to credit expansions. Capital inflows contribute to a rapid expansion of private credit, exacerbating credit and business cycles. These effects are stronger under more rigid exchange rate arrangements and in economies that are more closed to trade. Macroeconomic evidence for Paraguay suggests that local firms might have experienced a relaxation of credit constraints during the high capital inflows phase. Evidence also shows that consumption, investment, and output has grown above trend alongside a strong credit growth | |
| 546 | |a English | ||
| 588 | |a Description based on print version record | ||
| 650 | 0 | |a Fiscal policy |z Paraguay | |
| 650 | 4 | |a Banking sector | |
| 650 | 4 | |a Capital flow | |
| 650 | 4 | |a Capital flows | |
| 650 | 4 | |a Capital inflow | |
| 650 | 4 | |a Capital inflows | |
| 650 | 4 | |a Capital ratio | |
| 650 | 4 | |a Capital stock | |
| 650 | 4 | |a Credit expansion | |
| 650 | 4 | |a Currency risk | |
| 650 | 4 | |a Domestic credit | |
| 650 | 4 | |a Equity ratio | |
| 650 | 4 | |a Exchange rate arrangement | |
| 650 | 4 | |a Exchange rate arrangements | |
| 650 | 4 | |a Exchange rate flexibility | |
| 650 | 4 | |a Exchange rate regime | |
| 650 | 4 | |a Exchange rate regimes | |
| 650 | 4 | |a Exchange rate | |
| 650 | 4 | |a Exchange rates | |
| 650 | 4 | |a External shocks | |
| 650 | 4 | |a Fixed exchange rate regimes | |
| 650 | 4 | |a Fixed exchange rate | |
| 650 | 4 | |a Flexible exchange rate regimes | |
| 650 | 4 | |a Flexible exchange rate | |
| 650 | 4 | |a Flexible exchange rates | |
| 650 | 4 | |a Forward contracts | |
| 650 | 4 | |a International banks | |
| 650 | 4 | |a Nominal exchange rate | |
| 650 | 4 | |a Real exchange rate | |
| 650 | 4 | |a Selected issues | |
| 650 | 4 | |a Spillovers | |
| 650 | 4 | |a Strong capital inflows | |
| 650 | 7 | |a Balance of payments |2 imf | |
| 650 | 7 | |a Bank credit |2 imf | |
| 650 | 7 | |a Banking |2 imf | |
| 650 | 7 | |a Banks and Banking |2 imf | |
| 650 | 7 | |a Banks and banking, Foreign |2 imf | |
| 650 | 7 | |a Banks |2 imf | |
| 650 | 7 | |a Capital flows |2 imf | |
| 650 | 7 | |a Capital inflows |2 imf | |
| 650 | 7 | |a Capital movements |2 imf | |
| 650 | 7 | |a Credit |2 imf | |
| 650 | 7 | |a Currency |2 imf | |
| 650 | 7 | |a Depository Institutions |2 imf | |
| 650 | 7 | |a Exchange rate arrangements |2 imf | |
| 650 | 7 | |a Exchange rate flexibility |2 imf | |
| 650 | 7 | |a Exports and Imports |2 imf | |
| 650 | 7 | |a Financial institutions |2 imf | |
| 650 | 7 | |a Foreign Exchange |2 imf | |
| 650 | 7 | |a Foreign banks |2 imf | |
| 650 | 7 | |a Foreign exchange |2 imf | |
| 650 | 7 | |a Government and the Monetary System |2 imf | |
| 650 | 7 | |a International Investment |2 imf | |
| 650 | 7 | |a International economics |2 imf | |
| 650 | 7 | |a Long-term Capital Movements |2 imf | |
| 650 | 7 | |a Micro Finance Institutions |2 imf | |
| 650 | 7 | |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General |2 imf | |
| 650 | 7 | |a Monetary Systems |2 imf | |
| 650 | 7 | |a Monetary economics |2 imf | |
| 650 | 7 | |a Money and Monetary Policy |2 imf | |
| 650 | 7 | |a Money |2 imf | |
| 650 | 7 | |a Mortgages |2 imf | |
| 650 | 7 | |a Payment Systems |2 imf | |
| 650 | 7 | |a Regimes |2 imf | |
| 650 | 7 | |a Standards |2 imf | |
| 651 | 0 | |a Paraguay |x Economic conditions | |
| 651 | 4 | |a Paraguay | |
| 651 | 7 | |a Paraguay |2 imf | |
| 710 | 2 | |a International Monetary Fund | |
| 776 | |z 1-4755-0680-5 | ||
| 776 | |z 1-4755-5763-9 | ||
| 776 | 0 | 8 | |a Print Version: |z 9781475506808 |
| 776 | 0 | 8 | |i Print Version: |t Paraguay: Selected Issues |d Washington, D.C. : International Monetary Fund, 2012. |z 9781475529425 |
| 830 | 0 | |a IMF Staff Country Reports ; |v Country Report No. 12/212 | |
| 830 | 0 | |a IMF Staff Country Reports; Country Report ; |v No. 2012/212 | |
| 830 | 0 | |a IMF eLibrary | |
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