Sep 2010
Author(s): Becerra, Oscar; Cavallo, Eduardo A.; Scartascini, Carlos
Although financial development is good for long-term growth, not all countries pursue policies that render full financial development. This paper builds on an extensive political economy literature…
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.…
Jul 2010
Author(s): Cavallo, Eduardo A.; Treadway, Michael; Funaro, Rita; Inter American Development Bank
This issue of IDEA was inspired by the myriad questions raised by the successive natural disasters that have struck the developing world of late. It asks why some countries are more resilient to…
Jul 2010
Author(s): Cavallo, Eduardo A.; Treadway, Michael; Funaro, Rita; Banco Interamericano de Desarrollo
Esta edición de IDEA fue inspirada por la gran cantidad de preguntas suscitadas por los desastres naturales registrados últimamente en el mundo en desarrollo. Pregunta porque algunas economías sean…
Jun 2010
Author(s): Cavallo, Eduardo A.; Noy, Ilan; Pantano, Juan; Galiani, Sebastián
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the…
Feb 2010
Author(s): Cavallo, Eduardo A.; Powell, Andrew; Becerra, Oscar
This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster…
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…
Dec 2009
Author(s): Scartascini, Carlos; Stein, Ernesto H.; Tommasi, Mariano; Jones, Mark P.; Saiegh, Sebastián; Magaldi de Sousa, Mariana; Martínez-Gallardo, Cecilia; Zuvanic, Laura; Iacoviello, Mercedes; Rodríguez Gusta, Ana Laura; Monaldi, Francisco; Schneider, Ben Ross; Murillo, Maria Victoria; Schrank, Andrew; Hughes, Sallie
Over the past 30 years, democratic freedoms and competitive electoral processes have taken hold as never before in Latin America. How Democracy Works takes a detailed look, from an institutional…
Dec 2009
Author(s): Cavallo, Eduardo A.; Noy, Ilan
Natural disasters are by no means new, yet the evolving understanding of their relevance to economic development and growth is still in its infancy. This paper summarizes the state of the economic…
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…
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…