Aug 2019
Author(s): Cavallo, Eduardo A.
Sudden stops in capital flows are a form of financial whiplash that creates instability and crises in the affected economies. Sudden stops in net capital flows trigger current account reversals as…
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…
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…
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): 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…
Oct 2012
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo
Europe faces challenges reminiscent of Latin American financial crises. The failure of recent liquidity support to normalize the situation in Europe suggests the need to refocus the policy debate on…
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…
Jan 2010
Author(s): Cavallo, Eduardo A.
While public debt ratios in Latin America increased in 2009 amid the global financial crisis, they remain below levels reached following the Asian and Russian crises of the late 1990s. Moreover, debt…
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…
Mar 2009
Author(s): Cavallo, Eduardo A.; Funaro, Rita; Inter American Development Bank
This edition of IDEA is based on a new IDB book entitled Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America. Drawing from research that explored the region…
Mar 2009
Author(s): Cavallo, Eduardo A.; Funaro, Rita; Banco Interamericano de Desarrollo
Esta edición de IDEA se basa en un nuevo libro del BID, Lidiar con una situación de restricción del crédito a nivel internacional: políticas de respuesta a paradas súbitas en América Latina. A…
Aug 2008
Author(s): Cavallo, Eduardo A.; Cavallo, Alberto F.
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of…
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…