01632cas a2200241 a 4500 AALejournalIMF014089 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475550214 1018-5941 BD-DhAAL BD-DhAAL De Gregorio, Jose. Resilience in Latin America : Lessons from Macroeconomic Management and Financial Policies / Jose De Gregorio. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (24 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 This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level of reserves, and a bit of luck coming from very high terms of trade, were central to good economic performance. Persevering along the road of strong macroeconomic and financial policies is necessary, but not sufficient, to go from recovery to sustained growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2013/259 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/259/001.2013.issue-259-en.xml IMF e-Library