Capital flows to Latin America: 2004 highlights

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/L.74
cepal.docTypeDocumentos de proyectos e investigación
cepal.idSade20687
cepal.regionalOfficeWashington
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngGENDER STATISTICS
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaGÉNERO
cepal.workareaEngSTATISTICS
cepal.workareaEngGENDER AFFAIRS
cepal.workareaSpaESTADÍSTICAS
cepal.workareaSpaASUNTOS DE GÉNERO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T23:41:52Z
dc.date.available2014-01-02T23:41:52Z
dc.date.issued2004-12
dc.descriptionIncludes bibliography
dc.description.abstractInvestors expect a strong finish for emerging markets this year, as market environment remains supportive of credit products, especially those with strong fundamentals and interesting yields, which is the case for emerging markets. Since the start of the year there were two sets of forces driving emerging markets debt: global liquidity and fundamental credit improvements. To a large degree, improving credit quality has itself been the result of ample global liquidity and the low interest-rate environment. Against this backdrop, spreads reached record low levels and issuance was boosted. The weakening dollar also stimulated issuance in local Latin American currencies for the first time as well as in euros. Low spreads and the impulse to issuance in currencies other than the dollar were two important themes in 2004. Two other important topics were Argentina's debt restructuring process and the oil windfall and its repercussion in Latin American countries. Argentina's debt exchange offer should be formally launched in the beginning of 2005. If successful, the offering will end a difficult period in Argentina's history and will positively affect the whole region. With respect to oil, in 2004 the impact of higher prices on oil exporter countries was a net positive, but given the weight of oil exports in countries such as Venezuela and Ecuador, a decline in prices may bring trouble.
dc.formatTexto
dc.format.extent5 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/L.74
dc.identifier.urihttps://hdl.handle.net/11362/28835
dc.language.isoeng
dc.physicalDescription5 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngBONDS
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleCapital flows to Latin America: 2004 highlights
dc.type.coarlibro
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