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…
Oct 2017
Author(s): Fernández-Arias, Eduardo
This report 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…
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…