Mar 2016
Author(s): Michelitsch, Roland; Soriano, Alejandro; Szwedzki, Roni; Pires, Jose Claudio Linhares; Bolza-Schunemann, Eva; Churanek, Danya; Cuestas, Ernesto; Funes Aguilera, Rocio; Murcia, Juan Felipe; Seiwald, Raphael; Alcántara, Rafael; Cabrera, Maria; García Jiménez, María Camila; Ramirez-Goldin, Ana; Torres, Mauricio; Vargas, Felipe; Stevenson, Scott; D'Alessio, Nora; González Revatta, Marco Aurelio; Russell, Nathaniel
This evaluation assesses the lending of the Inter-American Development Bank Group (IDBG) through financial intermediaries (FIs) from 2005 to 2014. It focuses on FI operations, an instrument IDBG uses…
Mar 2016
Author(s): Michelitsch, Roland; Soriano, Alejandro; Szwedzki, Roni; Pires, Jose Claudio Linhares; Bolza-Schunemann, Eva; Churanek, Danya; Cuestas, Ernesto; Funes Aguilera, Rocio; Murcia, Juan Felipe; Seiwald, Raphael; Alcántara, Rafael; Cabrera, Maria; García Jiménez, María Camila; Ramirez-Goldin, Ana; Torres, Mauricio; Vargas, Felipe; Stevenson, Scott; D'Alessio, Nora; González Revatta, Marco Aurelio; Russell, Nathaniel
La presente evaluación analiza el financiamiento ofrecido por el Grupo del Banco Interamericano de Desarrollo (GBID) a través de intermediarios financieros (IFs) entre 2005 y 2014. La evaluación se…
Aug 2013
Author(s): Tavella, Pilar; Pedemonte, Mathieu; Powell, Andrew; Cavallo, Eduardo A.
This paper proposes a new taxonomy of Sudden Stops comprised of seven categories with definitions depending on the behavior of gross and net capital flows. The incidence of different types of Sudden…
Jun 2009
Author(s): Arizala, Francisco; Cavallo, Eduardo A.; Galindo, Arturo
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using a largely unexploited panel of 77 countries with data for 26 manufacturing…
Nov 2008
Author(s): Cavallo, Eduardo A.; Powell, Andrew; Rigobón, Roberto
If rating agencies add no new information to markets, their actions are not a public policy concern. But as rating changes may be anticipated, testing whether ratings add value is not straightforward…
Apr 2007
Author(s): Cavallo, Eduardo A.; Valenzuela, Patricio
This study explores the determinants of corporate bond spreads in emerging market economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by firm-…
Dec 2006
Author(s): Cavallo, Eduardo A.
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. This paper contributes to the discussion by providing new…
Nov 2006
Author(s): Cavallo, Eduardo A.; Velasco, Andrés
The paper explores the incidence of sudden stops in capital flows on the incentives for building national institutions that secure property rights in a world where sovereign defaults are possible…