Capital Flows to Latin America and the Caribbean: Recent developments

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2018/7
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS1801156_en
cepal.regionalOfficeWashington
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngMACROECONOMICS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
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.accessioned2018-12-06T15:18:14Z
dc.date.available2018-12-06T15:18:14Z
dc.date.issued2018-12-06
dc.description.abstractThis document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (third quarter of 2018) concerning capital flows to Latin America and the Caribbean. The main highlights are: The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets: US$ 32 billion. First quarter debt issuance in international markets, at US$ 47.5 billion, also broke a record. • However, debt issuance from the region in the third quarter of 2018 was the lowest quarterly issuance since the second quarter of 2009 (US$ 6 billion). From January to October 2018, total international debt issuance amounted to US$ 86 billion, 33% lower than in the same period last year. • On the sovereign side, ten countries tapped international bond markets this year so far, with Argentina topping the list with 30% of the total sovereign issuance from January to October in terms of amount. In January, Argentina issued US$ 9 billion across three sets of bonds. Mexico had the bigger number of deals (seven) in the cross-border market this year, however. • The 3 top issuers year-to-date, sovereign and corporate issuance combined, accounted for 62% of the total issuance in the period – they included Mexico (28%), Brazil (19%), and Argentina (15%). Corporate issuance represented 60% of the total. • Despite a strong cross-border market performance in the beginning of the year, bond activity in the rest of the year was affected by U.S. interest rate hikes, withdrawal of dollar liquidity, dollar strengthening, and instability in stock markets. The appreciation of the U.S. dollar, which reduced the appeal of risky assets, increased pressure on LAC assets. • There was only one international bond issuance with a green focus since the beginning of the year, but there were green and social debt instruments issued in local currency markets. The current slowdown in activity in the green bond market is not expected to continue, and long-term interest in the market remains strong.
dc.formatTexto
dc.format.extent53 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2018/7
dc.identifier.urihttps://hdl.handle.net/11362/44281
dc.language.isoeng
dc.physicalDescription53 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisEngBONDS
dc.subject.unbisEngMARKETS
dc.subject.unbisEngSTATISTICAL DATA
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaMERCADOS
dc.subject.unbisSpaDATOS ESTADISTICOS
dc.titleCapital Flows to Latin America and the Caribbean: Recent developments
dc.type.coarlibro
dspace.entity.typePublication
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