Dec 2010
Author(s): Marcel, Mario; Tapia Troncoso, Waldo
Los efectos de la reciente crisis financiera internacional en los fondos de pensiones de América Latina muestran que ésta no solo ha afectado su rentabilidad sino que también la densidad de las…
Dec 1998
Author(s): Hausmann, Ricardo; Gavin, Michael; Pagés, Carmen; Stein, Ernesto H.
Financial turmoil is becoming a fact of life in Latin America. The 1990s have been characterized by enormous volatility in the magnitude and cost of capital flows. The correlation of capital swings…
Aug 1997
Author(s): Talvi, Ernesto; Stein, Ernesto H.; Lora, Eduardo; Gavin, Michael; Lalchan, Rajindra; Hausmann, Ricardo
El Informe de 1997 examina las fuerzas complejas que le han dado forma al proceso de reformas y analiza los retos de mantener un crecimiento económico sostenible, de la prevención de inestabilidad,…
Dec 1995
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…
Dec 1995
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…
Jul 1995
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…