Dec 2006
Author(s): Calvo, Guillermo A.
The paper argues that Emerging Market economies (EMs) face financial vulnerabilities that weaken the effectiveness of a domestic Lender of Last Resort (LOLR). As a result, monetary policy is…
Jun 2004
Author(s): Calvo, Guillermo A.; Izquierdo, Alejandro; Mejía, Luis Fernando
Using a sample of 32 developed and developing countries we analyze the empirical characteristics of Sudden Stops in capital flows and the relevance of balance-sheet effects in the likelihood of their…
Dec 2002
Author(s): Devlin, Robert; Estevadeordal, Antoni; Taylor, Alan M.; Venables, Anthony J.; Adserà, Alícia; Boix, Carles; Laird, Sam; Messerlin, Patrick A.; Torrent, Ramón; Cremona, Marise; Mattli, Walter; Jordana, Jacint; Ramió, Carles; Narula, Rajneesh; Evenett, Simon J.
This book analyzes the role of trade as a central pillar of the structural reform process and a bridge to capturing the dynamic development forces of an increasingly globalized world economy.
Aug 2001
Author(s): Calvo, Guillermo A.; Fernández-Arias, Eduardo; Talvi, Ernesto; Reinhart, Carmen M.
This paper discusses the economic performance of Latin America in the last decade, paying special attention to growth and the financial sector. In particular, it shows that external factors, such as…
Mar 2001
Author(s): Calvo, Guillermo A.; Fernández-Arias, Eduardo; Talvi, Ernesto; Reinhart, Carmen M.
At the time of writing there were widespread concerns about the health of the U.S. economy. There is conclusive evidence that the pace of growth has slowed, which has prompted the Federal Reserve to…
Sep 1998
Author(s): Banguero, Harold; Castro, Esperanza; Concha, Alberto; De Roux, Gustavo; Echeverri, Oscar; Escobar, Jaime; Espinosa, Rafael; Espitia, Victoria E.; Gallardo, Henry M.; Guzman, Alvaro; Rotawisky, William; Rodriguez, Jesús
Como respuesta a una convocatoria realizada por el Banco Interamericano de Desarrollo, BID, el Centro de Investigaciones en Salud y Violencia, CISALVA, presentó a consideración de dicha entidad la…