Oct 2003
Author(s): Levy Yeyati, Eduardo; Micco, Alejandro
In recent years, Latin American banking sectors have experienced an accelerated process of concentration and foreign penetration that has prompted diverse views regarding its implications for the…
Jun 2003
Author(s): Micco, Alejandro; Stein, Ernesto H.; Ordoñez, Guillermo Luis
In this paper we estimate the early effect of the European Monetary Union (EMU) on trade. We use a panel data set that includes the most recent information on bilateral trade for 22 developed…
Jan 2003
Author(s): Izquierdo, Alejandro; Micco, Alejandro; Panizza, Ugo; Chong, Alberto E.
According to recent research, external factors and political governance considerations are key determinants of capital flows in Latin America. We postulate that corporate governance is a crucial…
Jan 2003
Author(s): Galindo, Arturo; Micco, Alejandro
This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a…
Dec 2002
Author(s): Adhikari, Ramesh; Negroni, Mirka J.; Leino, Jessica; Rana, P. B.; Nguyen, Tam Robert; Rey de Marulanda, Nohra; Kremer, Michael; Rodríguez, Ennio; Arce M., Daniel G.; Sandler, Todd; Bronfman, Mario; Devlin, Robert; Rufín, Carlos; Sakai, Kazu; Kanbur, Ravi; Kahn, Matthew E.; Weiss, John; Wyplosz, Charles; Jessen, Anneke; Navarro, Juan Carlos; Tungwarara, Ozias; Hunt, Joseph Michael; Estevadeordal, Antoni; Nogueira, Roberto Martínez; Taccone, Juan José; Carnoy, Martin; Kendall, Tamil; Frantz, Brian; Wescott, Clay
This book is based on a conference entitled "Regional Public Goods and Regional Development Assistance", held in Washington, D.C. on November 6-7, 2002. It examines how the IDB and the ADB…
Dec 2002
Author(s): Galindo, Arturo; Micco, Alejandro; Serra, César Manuel
Institutional and legal differences between countries increase entry costs and reduce the ability of banks to expand abroad. We use bilateral foreign banking data for 176 countries to estimate a…