Aug 2012
Author(s): García Osío, Gustavo; Marcel, Mario; Martínez Guzman, Juan Pablo; Sanginés, Mario; Farias, Pedro; Pimenta, Carlos; Chrisney, Martin D.; Prats Cabrera, Joan Oriol; Crespi, Gustavo
Las instituciones fiscales del mañana, título inaugural de la serie Instituciones para la gente, aborda temas de gestión pública clave para el desarrollo económico de América Latina y el Caribe.…
Jun 2012
Author(s): Caro, Lorena; Galindo, Arturo; Meléndez Arjona, Marcela
This paper explores the links between labor formality, access to credit and firm performance in Colombia using Annual Manufacturing Survey data for the period 2000-2009. A significant though small…
Apr 2010
Author(s): Durante, Juan José; Focke, Kurt S.; Collich, Guillermo J.; Marcel, Mario; Andersen, Torben
The Latin American and Caribbean region is highly exposed to natural disasters. The social and economic impact of these events has been historically very significant and it is showing an increasingly…
Apr 2010
Author(s): Galindo, Arturo; Izquierdo, Alejandro; Rojas-Suárez, Liliana
Este documento analiza la importancia de la integración financiera en Centro América, enfatizando los efectos de la actual crisis internacional sobre los sistemas financieros de la subregión. Después…
Jan 2010
Author(s): Galindo, Arturo; Izquierdo, Alejandro; Rojas-Suárez, Liliana
This paper explores the impact of international financial integration on credit markets in Latin America, using a cross-country dataset covering 17 countries between 1996 and 2008. It is found that…
Dec 2009
Author(s): Gandelman, Néstor; Gandelman, Eduardo; Castillo, Marco; Cárdenas, Juan Camilo; Bravo, David; Sethi, Rajiv; Sanhueza, Claudia; Soruco, Ximena; Ñopo, Hugo R.; Rossi, Máximo; Elías, Víctor; Elías, Julio; Gaviria, Alejandro; Chong, Alberto E.; Polanía, Sandra; Petrie, Ragan; Piani, Giorgina; Torero, Máximo; Ronconi, Lucas; Rothschild, Julie; Urzúa, Sergio; Candelo, Natalia; Moro, Andrea
This book presents a set of studies on contemporary discrimination in Latin America that takes advantage of these new tools by focusing on social interactions that range from cooperation, group…
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): Giordano, Paolo; Florez, Victoria
Esta investigación pretende cubrir esta brecha repasando la literatura relevante sobre los efectos distributivos de la liberalización comercial en América Latina. Más específicamente, el trabajo se…
Aug 2008
Author(s): Ferre, Zuleika; Gandelman, Néstor; Piani, Giorgina
This paper analyzes various dimensions of the quality of life in Montevideo. The paper finds that satisfaction with various public goods and services at the neighborhood level play a minor role in…
Oct 2006
Author(s): Galindo, Arturo; Izquierdo, Alejandro; Montero, José Manuel
This paper uses a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. It tests whether real…
Jul 2006
Author(s): Bebczuk, Ricardo N.; Panizza, Ugo; Galindo, Arturo
Recent empirical and theoretical literature on the impact of real exchange rate devaluations on economic performance questions the traditional expansionary effect generated within standard Mundell-…
Nov 2005
Author(s): Galindo, Arturo; Micco, Alejandro
This paper studies the relationship between creditor protection and credit volatility. During the negative phase of the business cycle, credit contracts more in countries with poor creditor…
Nov 2005
Author(s): Galindo, Arturo; Micco, Alejandro; Powell, Andrew
We suggest that foreign banks may represent a trade-off for their developing country hosts. A portfolio model is developed to show that a more diversified international bank may be one of lower,…
Nov 2005
Author(s): Galindo, Arturo; Micco, Alejandro
This paper develops a model showing that inefficient legal protections disproportionately increase financial restrictions for creditors that have less wealth. Due to fixed monitoring costs in…
Dec 2004
Author(s): Kiguel, Miguel A.; Levy Yeyati, Eduardo; Galindo, Arturo; Panizza, Ugo; Miller, Margaret; Rojas-Suárez, Liliana; Bebczuk, Ricardo N.; López-de-Silanes, Florencio; Bernal, Olver; Auerbach, Paula; Chong, Alberto E.; Mandalaoui, Carolina; Izquierdo, Alejandro; Kamil, Herman; Demaestri, Edgardo C.; Loboguerrero, Ana María; Cowan, Kevin; Rodríguez-Clare, Andrés; Fergusson, Leopoldo; Micco, Alejandro; Powell, Andrew; Suárez, Gustavo; Lora, Eduardo; Stein, Ernesto H.; Studart, Rogerio
Credit supplied by the banking sector is the most important funding source for firms and households in Latin America and the Caribbean. Unfortunately, credit is scarce, costly and volatile. Without…
Dec 2004
Author(s): Kiguel, Miguel A.; Levy Yeyati, Eduardo; Galindo, Arturo; Panizza, Ugo; Miller, Margaret; Rojas-Suárez, Liliana; Bebczuk, Ricardo N.; López-de-Silanes, Florencio; Bernal, Olver; Auerbach, Paula; Chong, Alberto E.; Mandalaoui, Carolina; Izquierdo, Alejandro; Kamil, Herman; Demaestri, Edgardo C.; Loboguerrero, Ana María; Cowan, Kevin; Rodríguez-Clare, Andrés; Fergusson, Leopoldo; Micco, Alejandro; Powell, Andrew; Suárez, Gustavo; Lora, Eduardo; Stein, Ernesto H.; Studart, Rogerio
El crédito suministrado por el sector bancario es la fuente de financiamiento más importante para las firmas y los hogares en América Latina y el Caribe. Desafortunadamente, el crédito es escaso,…
Jan 2003
Author(s): Galindo, Arturo; Micco, Alejandro
This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a…
Dec 2002
Author(s): Galindo, Arturo; Micco, Alejandro; Serra, César Manuel
Institutional and legal differences between countries increase entry costs and reduce the ability of banks to expand abroad. We use bilateral foreign banking data for 176 countries to estimate a…
Apr 2002
Author(s): Galindo, Arturo; Schiantarelli, Fabio; Weiss, Andrew
In this paper, It has been addressed this question using firm-level panel data from 12 developing countries. It was also developed a summary index of the efficiency of investment allocation that…
Sep 2001
Author(s): Kapsoli, Javier; Galindo, Arturo; Márquez, Gustavo; Daude, Christian; Melo, Alberto; Miller, Margaret; Jansson, Tor; Pagés, Carmen; Micco, Alejandro; Chong, Alberto E.; Székely, Miguel; Millán, Jaime; Lora, Eduardo; Stein, Ernesto H.; Pérez, Natalia
Participar en la economía mundial no lleva necesariamente a elevar la productividad de una nación ni a reestructurar su economía. Estos cambios requieren movilizar capital, empleo, tecnología y…