01936cas a2200253 a 4500 AALejournalIMF013340 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475588835 1018-5941 BD-DhAAL BD-DhAAL Adler, Gustavo. External Conditions and Debt Sustainability in Latin America / Gustavo Adler, Sebastian Sosa. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (51 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework that integrates econometric estimates of the effect of global factors on key domestic variables that determine public and external debt dynamics, with the IMF's standard debt sustainability framework. Results suggest that, while some countries in the region are well placed to withstand moderate or even large shocks, many would benefit from having stronger buffers to be in a position to deploy countercyclical policies, especially under tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries. Mode of access: Internet Sosa, Sebastian. IMF Working Papers; Working Paper ; No. 2013/027 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/027/001.2013.issue-027-en.xml IMF e-Library