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.…
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…