Dec 2015
Author(s): Araujo, María Caridad; Carneiro, Pedro; Cruz-Aguayo, Yyannu; Schady, Norbert
We assigned two cohorts of kindergarten students, totaling more than 24,000 children, to teachers within schools with a rule that is as-good-as-random. We collected data on children at the beginning…
Oct 2013
Author(s): Izquierdo, Alejandro; Loo-Kung, Rudy; Navajas, Fernando
América Central vive un momento particular de altos déficits fiscales y bajísimos costos de financiamiento externo dada la abundante liquidez internacional. La bonanza financiera ha dado un respiro,…
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…
Jun 2008
Author(s): Calvo, Guillermo A.; Izquierdo, Alejandro; Mejía, Luis Fernando
Using a sample of 110 developed and developing countries for the period 1990-2004, this paper analyzes the characteristics of systemic sudden stops (3S) in capital flows and the relevance of balance-…
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…
Oct 2006
Author(s): Le Grazie, Reinaldo; Fernandez, Jose Maria
In light of the challenges to structure and develop bond markets amid changing environments, the Inter-American Development Bank set a project that aims to diagnose the current conditions for…
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,…
Aug 2004
Author(s): Gil, Lissette
Presentación sobre el desarrollo de un proyecto que permita el incremento del potencial de desarrollo del destino por un aumento sustancial de la inversión extranjera en la zona, lo cual posibilitará…
Jul 2004
Author(s): Díaz Alvarado, Carlos; Izquierdo, Alejandro; Panizza, Ugo
This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries…
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…
Jun 2003
Author(s): Izquierdo, Alejandro; Morriset, Jacques; Olarreaga, Marcelo
Specific information on trade and financial markets across international borders is costly to acquire. Sellers and buyers rely instead on information obtained from partner behavior in other countries…
Nov 2001
Author(s): Andersen, Torben
The report makes a general assessment of the need for catastrophe risk transfer in Latin America and the Caribbean. It analyzes different ways in which risk transfer can take place in the form of…