Jul 2014
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Powell, Andrew
Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital…
Mar 2014
Author(s): Powell, Andrew; Arce, Fernando
The February 2014 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations for 2014 have fallen from 3. 9% to 3. 8% while…
Aug 2013
Author(s): Tavella, Pilar; Pedemonte, Mathieu; Powell, Andrew; Cavallo, Eduardo A.
This paper proposes a new taxonomy of Sudden Stops comprised of seven categories with definitions depending on the behavior of gross and net capital flows. The incidence of different types of Sudden…
Jan 2013
Author(s): Velarde, Marco; Azuara Herrera, Oliver; Alonso, Pablo; Beuermann, Diether; Fevre, Chloe; Pecha, Camilo; Conroy, Hector; Sembler, Jose Ignacio
This country program evaluation (CPE) covers the 2007-2011 period. This evaluation pays particular attention to the relevance of the IDB's program in relation to Mexico's fundamental…
Jan 2013
Author(s): Velarde, Marco; Azuara Herrera, Oliver; Alonso, Pablo; Beuermann, Diether; Fevre, Chloe; Pecha, Camilo; Conroy, Hector; Sembler, Jose Ignacio
Esta Evaluación de Programa de País (EPP) cubre el período 2007-2011.La evaluación analiza particularmente la relevancia del Programa del BID en relación con los desafíos fundamentales de México,…
Jun 2012
Author(s): Powell, Andrew; Tavella, Pilar
This paper analyzes capital inflow surges in emerging economies from 1980 to 2005. Estimated probit models are used, which discriminate well between surges associated with banking crises or…
Feb 2012
Author(s): Rebucci, Alessandro; Powell, Andrew; Caballero, Julián; Fernández Martín, Andrés; Fernández-Arias, Eduardo
This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that…
Feb 2012
Author(s): Rebucci, Alessandro; Powell, Andrew; Caballero, Julián; Fernández Martín, Andrés; Fernández-Arias, Eduardo
Este informe detalla las diversas trayectorias que podría tomar la economía mundial y los efectos potenciales sobre América Latina y el Caribe. Se construyen escenarios siguiendo un ejercicio de…
Nov 2011
Author(s): Powell, Andrew; Miller, Marcus; Maier, Antonia
The recent financial crisis has forced a rethink of banking regulation and supervision and the role of financial innovation. This paper develops a model where prudent banks may signal their type…
Oct 2011
Author(s): Majnoni, Giovanni; Powell, Andrew
The recent global financial crisis has put the spotlight on macro-prudential policies to protect firms and households from problems emanating from the financial sector. This paper proposes an…
Jun 2009
Author(s): Fernández-Arias, Eduardo; Powell, Andrew; Rebucci, Alessandro
The paper reviews the case for a strong multilateral response to the global crisis in emerging markets (EMs). It discusses modalities and feasibility of intervention and its associated risks,…
Mar 2008
Author(s): Izquierdo, Alejandro; Talvi, Ernesto; Catão, Luis; Cavallo, Eduardo A.; Powell, Andrew
Latin America is growing fast and fundamentals look healthier. Are these achievements here to stay? Strong commodity prices may not last forever and a US recession could have major repercussions 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,…