01629cas a2200241 a 4500 AALejournalIMF015022 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498334600 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Paraguay : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (32 pages) IMF Staff Country Reports <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 Selected Issues paper analyzes the spillover effects of key external shocks on Paraguay. It presents an overview of Paraguay's major economic and financial linkages with the rest world, and quantifies the spillover effects of key external factors on the Paraguayan economy, using a vector autoregression approach. The empirical results suggest that global shocks have a significant impact on Paraguay's growth rate. The paper also highlights that output and exchange rate shocks stemming from Brazil and Argentina are also important, even after controlling for global factors. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/038 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/038/002.2015.issue-038-en.xml IMF e-Library