Download or read book LAC Semiannual Report, October 2013 written by Augusto de la Torre and published by World Bank Publications. This book was released on 2013-10-15 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This semiannual report examines the short and medium-term challenges for Latin America and the Caribbean (LAC) as the external factors that were instrumental in the region s recent performance recede. In particular, we address the role of the exchange rate as a counter-cyclical policy tool to buffer adverse external shocks.