Aug 2019
Author(s): Fernández-Arias, Eduardo; Hausmann, Ricardo; Panizza, Ugo
The conventional paradigm about development banks is that these institutions exist to target well-identified market failures. However, market failures are not directly observable and can only be…
Dec 2017
Author(s): Fernández-Arias, Eduardo; Sabel, Charles; Stein, Ernesto H.; Trejos, Alberto
This paper summarizes the findings of the recent Inter-American Development Bank book Two to Tango: Public-Private Collaboration Productive Development Policies, based on case studies of 25…
Jul 2017
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Marzani, Matías
Deeper financial integration is expected to enable low-saving countries to increase domestic investment but also to increase crisis risks by facilitating the accumulation of risky foreign liabilities…
Oct 2010
Author(s): Fernández-Arias, Eduardo; Levy Yeyati, Eduardo
An analysis of the performance of the global financial safety net during the 2008-2009 crisis, and an evaluation of its new components, indicates that, from an emerging markets perspective, the net…
Jun 2010
Author(s): Fernández-Arias, Eduardo
There is an increasing need for a system of international lending of last resort (ILLR) to provide a safety net in the event of financial crises in vulnerable countries as financial globalization…
Feb 2010
Author(s): Daude, Christian; Fernández-Arias, Eduardo
This paper combines development and growth accounting exercises with economic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in…