The IDB: Vol. 23, no. 3, March 1996
Mar 1996
Author(s): Inter-American Development Bank
O BID acompanha o desenvolvimento econmico e social da América Latina e do Caribe, assim como as atividades do Banco. publicado dez vezes por
ano, em portugus, ingls, francs e espanhol.
Why Low Inequality Spurs Growth: Savings and Investment by the Poor
Mar 1996 Generative AI enabled
Author(s): Birdsall, Nancy;Pinckney, Thomas C.;Sabot, Richard H.
This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. There are many ways in which this can occur, and no specific…
Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness
Mar 1996 Generative AI enabled
Author(s): Gavin, Michael;Hausmann, Ricardo;Perotti, Roberto;Talvi, Ernesto
Latin America is volatile--about two to three times as volatile as the industrial economies. It is more volatile than any region other than Africa and the Middle East. Latin America's access to…
Savings in Chile: What Went Right?
Mar 1996 Generative AI enabled
Author(s): Morandé, Felipe
Some analysts rank Chile as the only Latin American economy that qualifies as a 'take-off economy,' or development economy. In a sense, Chile's enduring success and proved insulation…
The Welfare Implications of Trading Blocs among Countries with Different Endowments
Mar 1996 Generative AI enabled
Author(s): Spilimbergo, Antonio;Stein, Ernesto H.
This paper presents a model in which trade is motivated both by preference for variety and comparative advantages. This framework is used to analyze the welfare implications of trading blocs among…
The IDB: Vol. 23, no. 1-2, January-February, 1996
Feb 1996
Author(s): Inter-American Development Bank
O BID acompanha o desenvolvimento econmico e social da América Latina e do Caribe, assim como as atividades do Banco. Publicado dez vezes por ano, em portugus, ingls, francs e espanhol.
Andean Millenarian Movements: Their Origins, Originality and Achievements (16th - 18th Centuries)
Feb 1996
Author(s): Burga, Manuel
Manuel Burga (1942-), Peruvian sociologist from the Universidad Nacional Mayor de San Marcos, expert in post-colonial Andean Studies, National History Prize (1988).
Building Stability in Latin American Financial Markets
Feb 1996 Generative AI enabled
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper argues that the investor reluctance to make long-term commitments to Latin American financial markets results from experience. In the 1980s, while ex ante real interest rates on Latin…
What a Time It Was: Life and Culture in Buenos Aires
Feb 1996
Author(s): Inter-American Development Bank
Eighty-four works from the collections of the City Museum of Buenos Aires, the Isaac Fernández Blanco Museum, the Eduardo Sívori Museum, the National Museum of Decorative Arts, and the National…
Banking Crises in Latin America: Experience and Issues
Feb 1996 Generative AI enabled
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper argues that the experiences with banking crises in Latin America have been different from those in the industrial world because of the peculiarities of Latin American financial systems.…
Managing Banking Crises in Latin America: The Do's and Don'ts of Successful Bank Restructuring Programs
Feb 1996 Generative AI enabled
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper focuses on the design of successful bank restructuring programs in Latin America, a region where banking crises have been frequent in the past two decades. In each episode, Latin American…
The Meanings of the Millennium
Jan 1996
Author(s): McGinn, Bernard
Bernard McGinn, North American theologian from University of Chicago's Divinity School, leading scholar in apocalyptic thought, editor of Classics of Western Spirituality.
The Roots of Banking Crises: The Macroeconomic Context
Jan 1996 Generative AI enabled
Author(s): Gavin, Michael;Hausmann, Ricardo
This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. These macroeconomic causes of bank vulnerability and crisis…
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…
The Mexican Oil Boom: 1977-1985
Jan 1996 Generative AI enabled
Author(s): Gavin, Michael
The Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings…
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…