Departmental Papers

Who's Driving Whom? Analyzing External and Intra-Regional Linkages in the Americas

By Jeromin Zettelmeyer, Martin Mühleisen, Shaun K. Roache

October 9, 2008

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Jeromin Zettelmeyer, Martin Mühleisen, and Shaun K. Roache "Who's Driving Whom? Analyzing External and Intra-Regional Linkages in the Americas", Departmental Papers 2008, 001 (2008), accessed December 26, 2024, https://doi.org/10.5089/9781589067882.087

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

In a global economy beset by concerns over a growth recession, financial volatility, and rising inflation, countries in the Western Hemisphere have been among the few bright spots in recent years. This has not come as a surprise to those following the significant progress achieved by many countries in recent years, both in macroeconomic management and on the structural and institutional front. Hence, there can be little doubt, as this book argues, that economic and financial linkages between Latin America, the United States, and other important regions of the world economy have undergone profound change.

Subject: Commodity prices, Financial institutions, Financial markets, Inflation, Oil prices, Prices, Stock markets, Stocks

Keywords: Base period, Bond issue, Business cycle, Caribbean, Central America, Commodity price, Commodity prices, Dividend yield, DP, DPPP, Emerging market, Exchange rate, Federal funds rate, Global, Inflation, Monetary policy, Nominal exchange rate, North America, Oil prices, Real interest rate, South America, Sovereign bond, Stock markets, Stocks, Treasury bill

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