Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America
Jan 1996 Generative AI enabled
Author(s): Hausmann, Ricardo;Gavin, Michael
What are the reasons for the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to…
Regulation, Deregulation and Modernization in Colombia
Jan 1996 Generative AI enabled
Author(s): Hommes, Rudolf
This paper first offers a historical perspective of regulation, the early steps of Colombian industry and the way it grew. The environment was not conducive to the application of legislation that…
Evolution and Rationality of Budget Institutions in Colombia
Jan 1996 Generative AI enabled
Author(s): Hommes, Rudolf
The independence of central banks has an effect on the macroeconomic results of economies and ultimately on inflation. A similar relationship may exist between budget institutions and the fiscal…
Educational Indicators: What's to Be Measured?
Jan 1996 Generative AI enabled
Author(s): Vos, Rob
Currently, numerous strategies and new initiatives for improving quality of schooling at the primary and secondary levels are being considered and implemented, with strong support from multilateral…
Structural Adjustment and Poverty in Bolivia
Jan 1996 Generative AI enabled
Author(s): Vos, Rob;Lee, Haeduck;Mejía-Guerra, José Antonio
This document was prepared in the context of the Program for the "Improvement of Surveys and the Measurement of Living Conditions in Latin America and the Caribbean" (ISLC/MECOVI). Bolivia…
Financial Markets and the Behavior of Private Savings in Latin America
Jan 1996 Generative AI enabled
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper complements previous studies by arguing that the low private savings ratio in Latin America can be associated with the limited confidence of households and businesses in domestic financial…
Illegal Immigration, Border Enforcement, and Relative Wages: Evidence from Apprehensions at the U.S.-Mexico Border
Jan 1996 Generative AI enabled
Author(s): Hanson, Gordon H.;Spilimbergo, Antonio
This paper examines the determinants of illegal immigration in the United States from Mexico from 1976 to 1995. The main challenge in the empirical work is that the observations are not the number of…
Exchange-Rate-Based Stabilization with Endogenous Fiscal Response
Jan 1996 Generative AI enabled
Author(s): Talvi, Ernesto
In the context of a perfect foresight, intertemporal optimizing, cash-in-advance model, this paper studies the dynamics of an inconsistent exchange rate-based stabilization policy that fixes the…
Choices and Change: Reflections on the Caribbean
Jan 1996 Generative AI enabled
Author(s): Birdsall, Nancy;Deosaran, Ramesh;Tincani, Amos;Suárez, Elena M.;Lewis, David E.;Bloomfield, Richard J.;Rajapatirana, Sarath;Serbin, Andrés;Henrikson, Alan K.;Skeete, Charles A.T.;Ross-Brewster, Havelock R.H.;Walch, Karen S.;Bloomfield, Steven B.;Dookeran, Winston C.;Meins, Bertus J.
Fourteen essays by experienced political leaders, researchers and scholars examine the political economy and international relations of the Caribbean. Strategies for sustainable development include…
Crossing Panama: A History of the Isthmus as Seen through Its Art
Dec 1995
Author(s): Inter-American Development Bank
Sixty-two paintings, sculptures, majolica and graphics from the pre-Columbian era through World War II; from Panama's Reina Torres de Arauz Museum of Anthropology, the Museum of Panamanian…
Haiti: A Bi-Cultural Experience
Dec 1995
Author(s): Danticat, Edwidge
Edwidge Danticat (1969-), Haitian author of Breath, Eyes, Memory (1994), Pushcart Award (1995), and The Farming of the Bones (1999), American Book Award (1999).
The IDB: Vol. 22, no. 11, November 1995
Nov 1995
Author(s): Inter-American Development Bank
The IDB reports on economic and social development trends in Latin America and the Caribbean and on the activities of the Bank. Published 10 times a year in English, Spanish, Portuguese and French.
De-industrialization and Trade
Nov 1995 Generative AI enabled
Author(s): Spilimbergo, Antonio
Baumol (1967) showed that the rate of growth of an economy slows down if a sector has lower productivity than others and the demand between goods is inelastic. This paper points out that trade is…
Fiscal Policy and the Business Cycle Associated with Exchange Rate-Based Stabilizations: Evidence from Uruguay's 1978 and 1991 Programs
Nov 1995 Generative AI enabled
Author(s): Talvi, Ernesto
The initial stages of exchange rate-based stabilizations have been generally characterized by a consumption boom, a deterioration of the trade balance and the current account, and an appreciation of…
The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues
Oct 1995 Generative AI enabled
Author(s): Gavin, Michael;Hausmann, Ricardo;Leiderman, Leonardo
This paper reviews recent experience with international capital flows in Latin America, and discusses the policy issues that surround them. The paper is predicated on three basic premises. Capital…
Approaching the End of the Millennium
Sep 1995
Author(s): Aridjis, Homero
Homero Aridjis (1940-), Mexican poet, diplomat and author of over 25 books of poetry, founder of the environmental Group of 100, awarded by the United Nations.
Figari's Montevideo: 1861 - 1938
Sep 1995
Author(s): Inter-American Development Bank
Thirty-eight works including drawings, photographs and paintings that illustrate the life and times of artist Pedro Figari in Montevideo, Uruguay; from Montevideo's National Library, the Juan…
Testing the Hypothesis of Collusive Behavior Among Organization of the Petroleum Exporting Countries (OPEC) Members
Sep 1995 Generative AI enabled
Author(s): Spilimbergo, Antonio
This paper presents a test to discriminate among behaviors of producers of exhaustible resources. The behavior of a competitive producer of an exhaustible resource should follow an Euler equation.…
Painting, Drawing and Sculpture from Latin America
Sep 1995
Author(s): Inter-American Development Bank
Twenty artworks by Latin American artists, from the IDB Collection.
Varieties of Capital-Market Crises
Aug 1995 Generative AI enabled
Author(s): Calvo, Guillermo A.
In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that…