Abstract:

Spillovers, Latin America, Regional shocks, exchange rate, global shocks, commodity prices, real exchange rate, export performance, domestic demand, neighboring countries, exchange rate depreciation, exchange rates, trading partners, real exchange rate depreciation, idiosyncratic shocks, real effective exchange rate, bilateral real exchange rate, effective exchange rate, regional trade, exchange rate regime, bilateral exchange rate, trade integration, increased trade, trade flows, trading partner, regional integration, trade in services, real effective exchange rates, trade agreement, real exchange rates, limited exchange rate flexibility, effective exchange rates, trade channels, global int