Dec 2012
Author(s): Caballero, Julián
This paper explores whether the level of financial integration of banks in a country increases the incidence of systemic banking crises. The paper uses a de facto proxy for financial integration…
Nov 2012
Author(s): Fernández, Jorge; Miller, Sebastián J.
The effectiveness of carbon markets in the reduction of emissions at minimal cost requires several conditions. In a dynamic context the inter-temporal dimension adds new conditions for the desirable…
Apr 2012
Author(s): Caballero, Julián
This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether this is necessarily through a lending boom mechanism. A fixed effects…
Feb 2012
Author(s): Rebucci, Alessandro; Powell, Andrew; Caballero, Julián; Fernández Martín, Andrés; Fernández-Arias, Eduardo
This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that…
Feb 2012
Author(s): Rebucci, Alessandro; Powell, Andrew; Caballero, Julián; Fernández Martín, Andrés; Fernández-Arias, Eduardo
Este informe detalla las diversas trayectorias que podría tomar la economía mundial y los efectos potenciales sobre América Latina y el Caribe. Se construyen escenarios siguiendo un ejercicio de…