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Comentarios a la conferencia de T. Kehoe, "Latinoamérica: Riesgos y desafíos en un contexto desafiante", presentada en la convención 56º Convención Bancaria, "Construyendo oportunidades para todos", organizado por Asobancaria en Cartagena de Indias, Colombia.

The COVID-19 crisis will cause an unprecedented deterioration in public finances, which will dwarf even the deficit and debt levels seen during the Great Recession. It is essential that Spain emerges from the crisis in a position to resume the path of convergence with the most advanced European countries.

Banxico published its update of the Financial System Report 2017. The main risks identified for the country's financial stability are: i) an increase in inflation; ii) low economic growth; iii) lower oil revenues; and iv) the possibility of a s…