Mar 2013
Author(s): Di Tata, Juan Carlos; Puerta, Juan Manuel; Gray, Cheryl; Reichmann, Thomas; Suarez, David
One of the most debated parts of the IDB-9 Agreement was the requirement that the Inter-American Development Bank (IDB or Bank) enhance its macroeconomic analysis and link it to its country…
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…
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…
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,…
Feb 2004
Author(s): Reis, José Guilherme A.; Valadares, Sílvia M.
Este trabalho analisa alguns dos principais obstáculos ao desenvolvimento do sistema financeiro brasileiro, ressaltando as medidas implementadas recentemente e indicando propostas para dar…
Nov 2003
Author(s): Warner, Koko; Pflug, Georg; Martin, Leslie A.; Linnerooth-Bayer, Joanne; Freeman, Paul; Mechler, Reinhard
This report was commissioned by the Natural Disasters Network of the Regional Policy Dialogue. This report constitutes Phase 2 of this project. While the first phase of the study discusses the…
Nov 2003
Author(s): Warner, Koko; Pflug, Georg; Martin, Leslie A.; Linnerooth-Bayer, Joanne; Freeman, Paul; Mechler, Reinhard
El presente trabajo expone el estudio que encargó el Diálogo Regional de Políticas sobre Desastres Naturales. El estudio está centrado en la comprensión de sistemas nacionales e integrados de gestión…
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…
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…