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…
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.
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…
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…
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.
Issues in Estimating Benefits with Non-Market Methods
Aug 1995 Generative AI enabled
Author(s): McConnell, Kenneth E.
This paper reviews modern techniques for estimating the benefits of goods which are not bought and sold in markets, paying special attention to the kinds of empirical studies that applied economists…
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…
Political Stabilization Cycles in High Inflation Economies
Aug 1995 Generative AI enabled
Author(s): Stein, Ernesto H.;Streb, Jorge M.
High inflation economies often do not exhibit smooth inflationary processes, but rather stop-go cycles. This paper relates these stop-go episodes of inflation to a political cycle. The government can…
Serra da Capivara National Park
Jun 1995
Author(s): Inter-American Development Bank
Photographic panels and archaeological artifacts depicting the diversity of the dry forests of Brazil's Serra da Capivara National Park, in the northeastern State of Piauí.
Swimming Against the Tide: Strategies for Improving Equity in Health
May 1995 Generative AI enabled
Author(s): Birdsall, Nancy;Hecht, Robert
The evidence shows that government spending for health in many developing countries benefits the well-to-do more than the poor. However, a combination of favorable political forces and sound public…
Achieving Stability in Latin American Financial Markets in the Presence of Volatile Capital Flows
Apr 1995 Generative AI enabled
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper considers whether reserve requirements have been effective in controlling excessive liquidity growth. It also discusses the adequacy of bank supervisory standards, such as capital to risk-…
Inter-American Development Bank Annual Report 1994
Mar 1995
Author(s): Inter-American Development Bank
The Annual Report contains a review of the Bank's operations in 1994.