Aug 2019
Author(s): Cavallo, Eduardo A.
Sudden stops in capital flows are a form of financial whiplash that creates instability and crises in the affected economies. Sudden stops in net capital flows trigger current account reversals as…
Jul 2014
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Powell, Andrew
Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital…
Aug 2013
Author(s): Tavella, Pilar; Pedemonte, Mathieu; Powell, Andrew; Cavallo, Eduardo A.
This paper proposes a new taxonomy of Sudden Stops comprised of seven categories with definitions depending on the behavior of gross and net capital flows. The incidence of different types of Sudden…
Jan 2013
Author(s): Velarde, Marco; Azuara Herrera, Oliver; Alonso, Pablo; Beuermann, Diether; Fevre, Chloe; Pecha, Camilo; Conroy, Hector; Sembler, Jose Ignacio
This country program evaluation (CPE) covers the 2007-2011 period. This evaluation pays particular attention to the relevance of the IDB's program in relation to Mexico's fundamental…
Jan 2013
Author(s): Velarde, Marco; Azuara Herrera, Oliver; Alonso, Pablo; Beuermann, Diether; Fevre, Chloe; Pecha, Camilo; Conroy, Hector; Sembler, Jose Ignacio
Esta Evaluación de Programa de País (EPP) cubre el período 2007-2011.La evaluación analiza particularmente la relevancia del Programa del BID en relación con los desafíos fundamentales de México,…
Oct 2012
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo
Europe faces challenges reminiscent of Latin American financial crises. The failure of recent liquidity support to normalize the situation in Europe suggests the need to refocus the policy debate on…
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.…
Feb 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…
Apr 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…
Apr 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…
Apr 2009
Author(s): Cavallo, Eduardo A.; Funaro, Rita; Inter-American Development Bank (IDB)
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…
Apr 2009
Author(s): Cavallo, Eduardo A.; Funaro, Rita; Banco Interamericano de Desarrollo (BID)
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…
Sep 2008
Author(s): Cavallo, Eduardo A.; Cavallo, Alberto F.
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of…
Apr 2008
Author(s): Izquierdo, Alejandro; Talvi, Ernesto; Catão, Luis; Cavallo, Eduardo A.; Powell, Andrew
Latin America is growing fast and fundamentals look healthier. Are these achievements here to stay? Strong commodity prices may not last forever and a US recession could have major repercussions in…