Understanding Corporate Vulnerabilities In Latin America PDF Download
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Author | : Carlos Caceres |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2016-04-07 |
Genre | : Business & Economics |
ISBN | : 1484321545 |
Download Understanding Corporate Vulnerabilities in Latin America Book in PDF, ePub and Kindle
This paper analyzes the potential risks and vulnerabilities of non-financial corporates in Latin America and Canada. We quantify the impact of company-specific, countryspecific, and global factors in driving corporate spreads. Overall, we found that all these factors play a role in explaining corporate risk. In particular, country specific factors such as exchange rate and sovereign CDS spreads are significantly associated with changes in corporate spreads, underscoring the importance of solid policy frameworks. We also find that global conditions, such as the VIX, are dominant drivers of corporate spreads. In recent years, the adverse effects from deteriorating domestic conditions have been broadly offset by relatively bening global financial conditions. However, a sustained reversal in these conditions would put significant pressure on corporate risk.
Author | : Carlos Caceres |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2016-04-12 |
Genre | : Business & Economics |
ISBN | : 1475525877 |
Download Understanding Corporate Vulnerabilities in Latin America Book in PDF, ePub and Kindle
This paper analyzes the potential risks and vulnerabilities of non-financial corporates in Latin America and Canada. We quantify the impact of company-specific, countryspecific, and global factors in driving corporate spreads. Overall, we found that all these factors play a role in explaining corporate risk. In particular, country specific factors such as exchange rate and sovereign CDS spreads are significantly associated with changes in corporate spreads, underscoring the importance of solid policy frameworks. We also find that global conditions, such as the VIX, are dominant drivers of corporate spreads. In recent years, the adverse effects from deteriorating domestic conditions have been broadly offset by relatively bening global financial conditions. However, a sustained reversal in these conditions would put significant pressure on corporate risk.
Author | : Ms.Maria Gonzalez |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2012-11-29 |
Genre | : Business & Economics |
ISBN | : 1475513488 |
Download Nonfinancial Firms in Latin America Book in PDF, ePub and Kindle
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18 countries in 2000-11. Results suggest that higher leverage and maturity exposures raise a firm’s probability to become exposed to a funding shock, while a larger firm size and buffers reduce it. Further, greater exchange rate flexibility can help mitigate corporate vulnerability. Identification of firms at risk through the model suggests that some vulnerabilities may be building in Latin America led by leverage, currency exposures and moderating buffers. These effects are partially offset, however, by a significant reduction in maturity exposures.
Author | : Maria de los Angeles Gonzalez |
Publisher | : |
Total Pages | : 43 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download Nonfinancial Firms in Latin America Book in PDF, ePub and Kindle
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18 countries in 2000-11. Results suggest that higher leverage and maturity exposures raise a firm's probability to become exposed to a funding shock, while a larger firm size and buffers reduce it. Further, greater exchange rate flexibility can help mitigate corporate vulnerability. Identification of firms at risk through the model suggests that some vulnerabilities may be building in Latin America led by leverage, currency exposures and moderating buffers. These effects are partially offset, however, by a significant reduction in maturity exposures.
Author | : Fernando Robles |
Publisher | : Taylor & Francis |
Total Pages | : 283 |
Release | : 2023-03-21 |
Genre | : Business & Economics |
ISBN | : 1000846091 |
Download Business in Latin America Book in PDF, ePub and Kindle
Business in Latin America provides readers with a comprehensive overview of the business environment of this dynamic and challenging region. The book begins with an overview of the most important macroenvironments shaping the region’s opportunities and risks, while the second part focuses on the business strategies that respond to those opportunities and risks. Capturing the dynamism of this region, this new edition provides a thorough and nuanced understanding of the commonalities and differences within the multifaceted business environments of Latin America. The second edition has been thoroughly revised and updated to include: The sources of economic, political, and natural risks, including the impact of COVID-19 The endemic role of corruption in institutions, the economy, and society The region’s cultural and social diversity and resilience The role of technology and digitalization on corporate and marketing strategies The challenges of managing local and regional supply chains The book includes examples and cases from across the region on corporate strategies, marketing, entrepreneurship, leadership, human resource management, and social and environmental sustainability. An ideal resource for anyone considering a business venture in the region, the book will especially appeal to practitioners and students who have a particular interest in Latin America.
Author | : Santiago Herrera |
Publisher | : World Bank Publications |
Total Pages | : 22 |
Release | : 1999 |
Genre | : Arts and Music |
ISBN | : |
Download User's Guide to an Early Warning System for Macroeconomic Vulnerability in Latin American Countries Book in PDF, ePub and Kindle
"Models for an early warning system do a good job predicting vulnerability to macroeconomic crises in several Latin American countries"--Cover.
Author | : Cheng Hoon Lim |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2017-03-28 |
Genre | : Business & Economics |
ISBN | : 147558959X |
Download Financial Stability Reports in Latin America and the Caribbean Book in PDF, ePub and Kindle
Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forward-looking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable publication schedule and an easily accessible website, is also important to enhance the impact of the reports. Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.
Author | : Mr.Luis M. Cubeddu |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2012-07-01 |
Genre | : Business & Economics |
ISBN | : 1475505426 |
Download Latin America Book in PDF, ePub and Kindle
This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes in economic fundamentals; and (iii) the extent to which household and banking sector vulnerabilities could lead to potential fragilities. Although data limitations hamper a rigorous analysis of trends, our analysis suggests that while there are no imminent misalignments in the real estate and mortgage sectors, they could emerge if current trends persist. Strengthening supervision and addressing data gaps is thus critical to ensure adequate monitoring of risks and vulnerabilities in these sectors.
Author | : Latin American Newsletters |
Publisher | : |
Total Pages | : 14 |
Release | : 2002 |
Genre | : Debts, External |
ISBN | : |
Download Debt & External Vulnerability in Latin America Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 14 |
Release | : 2002 |
Genre | : |
ISBN | : |
Download Debt and external vulnerability in Latin America Book in PDF, ePub and Kindle