Foreign Exchange Reserves. Recent Evolution
The report discusses the recent evolution of foreign exchange reserves globally and in Latin America and the Caribbean.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source source 2 |
| Language: | English |
| Publisher: | Economic Commission For Latin America And The Caribbean |
| Authors: | Helvia Velloso, In?s Bustillo, Daniel E. Perrotti |
| Time horizon: | 2016 |
| Geographic focus: | Global, Latin_America, Caribbean |
| Page count: | 14 pages |
Methods
The research method involved analyzing data from the International Monetary Fund and country central banks to track the recent evolution of foreign exchange reserves globally and in Latin America and the Caribbean.
(Generated with the help of GPT-4)
Key Insights
The world's foreign exchange reserves declined by 7% from Q1 2014 to Q2 2016, with a significant drop in emerging and developing economies. Advanced economies saw a slight increase. China, with the largest reserves, experienced an 8% reduction in 2016.
Latin America and the Caribbean had two trends in reserves accumulation - a decline until 2015 and an increase in 2016. Brazil and Mexico hold the largest reserves in the region. Peru has the highest reserves-to-GDP ratio.
Stress tests show that most Latin American countries have enough reserves to cover their current account deficits for more than two years and at least three quarters of imports.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2010s time horizon | 2016 time horizon | Caribbean geographic scope | English publication language | Global geographic scope | Latin America geographic scope | foreign exchange reserves | nominal exchange rates | reserves accumulation | reserves composition | stress testing | top holders