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Paraguay: Selected Issues

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  • International Monetary Fund

Abstract

Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The high level of bank excess reserves in Paraguay reflects a mixture of precautionary and involuntary factors. Large bank excess reserves weaken the monetary transmission channel, and cause inefficiency costs. Bank reforms should be undertaken to preserve financial and macroeconomic stability.

Suggested Citation

  • International Monetary Fund, 2011. "Paraguay: Selected Issues," IMF Staff Country Reports 2011/239, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/239
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    References listed on IDEAS

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    1. Agénor, Pierre-Richard & Aynaoui, Karim El, 2010. "Excess liquidity, bank pricing rules, and monetary policy," Journal of Banking & Finance, Elsevier, vol. 34(5), pages 923-933, May.
    2. Alejandro Santos, 2009. "Paraguay; Addressing the Stagnation and Instability Trap," IMF Departmental Papers / Policy Papers 2009/004, International Monetary Fund.
    3. Ms. Inci Ötker & Charles Freedman, 2009. "Country Experiences with the Introduction and Implementation of Inflation Targeting," IMF Working Papers 2009/161, International Monetary Fund.
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