Capital Flows to Latin America: 2017 Year in Review

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2017/9
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS1701261_en
cepal.regionalOfficeWashington
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngINVESTMENT
cepal.topicEngMACROECONOMICS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaINVERSIÓN
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2017-12-20T15:56:12Z
dc.date.available2017-12-20T15:56:12Z
dc.date.issued2017-12
dc.description.abstractThe total amount of debt issued by LAC borrowers from January to November 2017 reached US$ 138 billion, the highest annual amount ever issued in the region. Investors’ enthusiasm for LAC assets was supported by synchronized growth at the global level, still low interest rates across de globe (with only a very gradual tightening in the United States), weakness in the U.S. dollar, and an improvement in the region’s own economic conditions. On the sovereign side, seventeen countries tapped international bond markets this year, with Argentina topping the list with 28% of the total sovereign issuance from January to November. The strong cross-border market performance was supported by a tightening in bond spreads. LAC bond spreads tightened 56 basis points from January to November 2017. However, despite a tightening in spreads, the credit quality in the region continued to deteriorate: there were 24 sovereign downgrades from January to November, and 10 upgrades. Although current expectations suggest credit conditions will continue to be favorable in 2018, challenges remain. Domestically, a heavy election cycle next year may lead investors to delay plans and may bring uncertainty. Regarding the external environment, while forecasts seem optimistic, an asset price correction or a geo-political surprise could lead to capital outflows from the region.
dc.formatTexto
dc.format.extent52 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2017/9
dc.identifier.urihttps://hdl.handle.net/11362/42718
dc.language.isoeng
dc.physicalDescription52 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngBONDS
dc.subject.unbisEngMARKETS
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaMERCADOS
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.titleCapital Flows to Latin America: 2017 Year in Review
dc.type.coarlibro
dspace.entity.typePublication
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