Cover -- Contents -- Acknowledgments -- Introduction -- PART I: LATIN AMERICA'S GROWTH PROSPECTS -- 1 Latin America: Rising to New Challenges -- 2 Potential Growth in Latin America -- 3 After the Boom: Commodity Prices and Economic Growth in Latin America and the Caribbean -- PART II: MANAGING THE COMMODITY PRICE CYCLE: HAVE POLICIES IMPROVED? -- 4 Commodity Price Cycles: The Perils of Mismanaging the Boom -- 5 Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall -- 6 External Conditions and Debt Sustainability in Latin America -- 7 Has Fiscal Policy Become Less Procyclical in Latin America? -- PART III: IS LATIN AMERICA VULNERABLE TO RISING CAPITAL FLOW VOLATILITY? -- 8 Riding Global Waves: The Impact of External Financial Shocks on Emerging Market Economies -- 9 Global Financial Shocks and Gross Capital Flows in Latin America -- 10 Spillovers to Latin America from the Normalization of U.S. Monetary Policy -- 11 Housing Markets in Latin America: Do We Need to Worry About a Bubble? -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- P -- Q -- R -- S -- T -- U -- V -- W.