Jul 2003
Author(s): Izquierdo, Alejandro; Morriset, Jacques; Olarreaga, Marcelo
Specific information on trade and financial markets across international borders is costly to acquire. Sellers and buyers rely instead on information obtained from partner behavior in other countries…
May 2003
Author(s): Calvo, Guillermo A.; Izquierdo, Alejandro; Talvi, Ernesto
This paper offers an alternative explanation for t he fall of Argentina's Convertibility Program based on the country's vulnerability to Sudden Stops in capital flows. Sudden Stops are…
Feb 2003
Author(s): Izquierdo, Alejandro; Micco, Alejandro; Panizza, Ugo; Chong, Alberto E.
According to recent research, external factors and political governance considerations are key determinants of capital flows in Latin America. We postulate that corporate governance is a crucial…