Nov 2019
Author(s): Musacchio, Aldo; Pineda, Emilio; Huber, John; Jara, Mauricio; Kim, Hyungon; Ter-Minassian, Teresa; Wagner, Rodrigo
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-…
Jan 2019
Author(s): Inter American Development Bank
Mobilizing resources is critical to the implementation of the 2030 Agenda and multilateral development banks in particular have been called upon to crowd-in additional financing for the Sustainable…
Mar 2018
Author(s): Hernández, Juan
Many emerging economies maintain significant positions in both external sovereign debt and foreign reserves, paying spreads of over 250 basis points on average. Arguments advanced in empirical work…
Aug 2017
Author(s): Yépez-García, Ariel
Energy liberalization is commonly measured by the level of market competitiveness and price reductions. This review applies an alternative method, market power, to give a sense of firms’ pricing…
Feb 2017
Author(s): Alvarez, Roberto; Hansen, Erwin
This paper examines a panel (1994-2014) of Chilean non-financial firms, both publicly listed and private, which was built to analyze the determinants of the use of foreign currency debt and their…
Feb 2017
Author(s): López, Arnoldo; Prat, Jordi; Solera, Marco; Loo-Kung, Rudy; Linares, Jennifer; Lagarda, Guillermo; Maldonado, Leonardo; Manzano, Osmel
The macroeconomic context of Central America and the Dominican Republic has been characterized by positive perspectives. The economic recovery of United States, lower commodity prices, and the low…
Feb 2017
Author(s): López, Arnoldo; Prat, Jordi; Solera, Marco; Loo-Kung, Rudy; Linares, Jennifer; Lagarda, Guillermo; Maldonado, Leonardo; Manzano, Osmel
El contexto macroeconómico de Centroamérica y República Dominicana ha estado caracterizado por tener expectativas positivas. La recuperación económica de Estados Unidos, a los bajos precios de las…
Dec 2016
Author(s): Schmid, Juan Pedro
Jamaica entered the world economic downturn in 2008 from a position of ongoing weak economic performance and high, increasing debt levels. As a result, Jamaica's fiscal situation quickly became…
Dec 2016
Author(s): García-Cicco, Javier; Kawamura, Enrique
This paper empirically tests the effects of foreign currency debt on economic performance and investment behavior in non-financial firms in six Latin America and Caribbean countries. It is found find…
Oct 2016
Author(s): Barajas, Adolfo; Restrepo, Sergio; Steiner, Roberto; Medellín, Juan Camilo; Pabón, César
After building up foreign currency-denominated (FC) liabilities over several years, the balance sheets of Colombian firms might be particularly vulnerable to a shift in external conditions. This…
Sep 2016
Author(s): Perry, Guillermo; Auvert, Diego
This paper discusses financial integration issues in the Pacific Alliance. The Alliance seeks to attain free circulation of goods, services, capital and workers among its members (presently Chile,…
Aug 2016
Author(s): Beck, Thorsten
Theory and empirical work have shown that long-term finance is critical for households, firms and government and for the overall development of the economy. The development of efficient and…
Aug 2016
Author(s): Chang, Roberto; Fernandez, Andres; Gulan, Adam
Corporate sectors in emerging markets have noticeably increased their reliance on foreign financing, presumably reflecting low global interest rates. The evidence also shows a rebalancing from bank…
Aug 2016
Author(s): Caballero, Julián; Fernandez, Andres; Park, Jongho
This paper studies the influence of external financial factors on economic activity in emerging economies (EMEs) motivated by a considerable increase in foreign financing by the corporate sector in…
Jun 2016
Author(s): Fundación Ecología y Desarrollo; Multilateral Investment Fund
This report sets out to present some of the highlights from a more in depth study carried out on social entrepreneurship and innovation ecosystems in Chile, presenting the case study of Upasol.
May 2016
Author(s): Caballero, Julián; Panizza, Ugo; Powell, Andrew
Recent work suggests non-financial firms have acted like financial intermediaries particularly in emerging economies. This paper corroborates these findings but then asks "why?" The results…
Apr 2016
Author(s): Chang, Roberto; Fernandez, Andres; Gulan, Adam
Corporate sectors in emerging market economies have increased noticeably their reliance on foreign financing, presumably reecting low global interest rates. This trend has largely reflected increased…
Apr 2016
Author(s): Levy Yeyati, Eduardo; Zúñiga, Jimena
Capital flows have been the subject of acute policy concern since the Brady plan launched the emerging markets bond asset class. Their massive volume, coupled with their volatile and procyclical…
Apr 2016
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
Climate change presents huge challenges for humankind. Yet within these challenges lie myriad opportunities for people of all ages, including professional opportunities in exciting, influential…
Apr 2016
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
El cambio climático y sus implicaciones para la vida en el planeta presenta enormes desafíos para la humanidad. Hay mucho por hacer y con estos retos también surgen también una serie de oportunidades…