Dec 2015
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
"We are mostly water." True or false? Strange as it may seem, it's true! Our bodies are 75 percent water. In fact, some animals such as jellyfish are up to 99 percent water - about the…
Dec 2015
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
En gran parte, somos agua ¿Verdadero o falso? Por extraño que suene ¡Es verdad! Nuestros cuerpos están constituidos en un 75% por agua. De hecho, hay animales como las medusas cuyos organismos pueden…
Dec 2015
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
Like all living things, humans are "open systems." We're part of - not separate from - our environment, and we continually exchange materials, energy and information with it. What…
Dec 2015
Author(s): Näslund-Hadley, Emma; Ramos, María Clara; Paredes, Juan Roberto; Bolivar, Ángela; Wilches-Chaux, Gustavo
Los humanos, al igual que todos los seres vivos, somos sistemas abiertos. Somos parte ¿no separada¿ de nuestro medio ambiente, e intercambiamos continuamente materiales, energía e información con él…
Jan 2013
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana; Del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…
Dec 2010
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana
This policy note focuses on provisioning practices in Latin America, a supervisory tool that if well designed can contribute to strengthen both micro and macro prudential regulation. For that purpose…
Aug 2010
Author(s): Cavallo, Eduardo A.; Galindo, Arturo; Izquierdo, Alejandro; León, John Jairo
This paper estimates the impact of relative price volatility on sector-level investment allocation using a panel of 65 countries with data for 26 manufacturing industries over the period 1985-2003.…
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…
Mar 2009
Author(s): Catão, Luis; Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Galindo, Arturo; Ottonello, Pablo; Pérez, Diego; Rebucci, Alessandro
This report focuses on the region's macroeconomic performance in the context of an unusually sharp and rapid deterioration in external conditions. To assess policy options, the report develops…
Mar 2009
Author(s): Catão, Luis; Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Galindo, Arturo; Ottonello, Pablo; Pérez, Diego; Rebucci, Alessandro
Este informe se concentra en el desempeño macroeconómico de la región en el contexto de un deterioro desusadamente marcado y brusco de las condiciones externas. Con el objeto de evaluar las opciones…
Dec 2007
Author(s): Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, Federico; Perry, Guillermo; Servén, Luis; Mihov, Ilian; Giavazzi, Francesco; Blanchard, Olivier; Araújo, Carlos Hamilton Vasconcelos; Suescún, Rodrigo; Ferreira, Pedro Cavalcanti Gomes; Smart, Michael; Mintz, Jack M.; Fatás, Antonio
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively…
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,…