Jun 2019
Author(s): Wright, Allan; Asher, Sam
This Policy Brief argues that inclusion on any future adopted European Union (EU) AML/CFT list of high-risk third jurisdictions would be problematic for The Bahamas for three main reasons. First, EU…
Dec 2018
Author(s): Demaestri, Edgardo C.; Moskovits, Cynthia; Chiara, Jimena
This paper discusses the main issues concerning sovereign fiscal and financial risks from public–private partnerships (PPPs) with a focus on contingent liabilities (CLs). It is based on the…
Apr 2018
Author(s): Grenade, Kari; Wright, Allan
Risks from climatic changes, advances in financial technology, de-risking activities by correspondent banks, and changing lifestyles and expectations of millennial customers are deemed to be macro-…
Feb 2017
Author(s): Wright, Allan; Kellman, Bradley
De-risking has the potential to develop into a threat to Barbados posing a challenge to the country's continued development and economic stability if left unchecked. Early indications are that…
Nov 2016
Author(s): Wright, Allan
It is essential to have secure, stable monetary and worldwide payment frameworks that reduce exposure to Money Laundering and Terrorism Financing (ML/FT), while permitting access to markets and…
Jun 2016
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Marzani, Matías
This paper shows, using probit analysis, that low national savings increase the risk of macroeconomic crisis. Foreign savings are a poor substitute of national savings not only for domestic…
May 2016
Author(s): Caballero, Julián; Panizza, Ugo; Powell, Andrew
Recent work suggests non-financial firms have acted like financial intermediaries particularly in emerging economies. This paper corroborates these findings but then asks "why?" The results…
Feb 2016
Author(s): Santamaría, Viviana; Umaña, Carlos
Este estudio tiene como objetivo, a través de un análisis de equilibrio parcial, medir los efectos de creación y desviación de comercio derivados de la presencia de Vietnam en la zona de libre…
Oct 2015
Author(s): Ketterer, Juan Antonio; Bernal, Olver; Herrera, Diego; Prats Cabrera, Joan Oriol
El alto costo que tienen para los países las crisis económicas y financieras lleva a la necesidad de contar con enfoques integrales para medir, analizar, gestionar y mitigar los riesgos…
Apr 2015
Author(s): Schmid, Juan Pedro
The worldwide fight against money laundering (AML) is escalating. Individuals and businesses that conduct and depend on legitimate international financial transactions are feeling the impact of…
Apr 2015
Author(s): Lafuente, Mariano
Results of the Civil Service Development Index (CSDI), obtained from diagnostics of the institutional quality of civil service systems in 16 Latin American countries. The IDB supported the design of…
Feb 2015
Author(s): Lagarda, Guillermo; Manzano, Osmel; Prat, Jordi
The region comprising Central America, Panama and Dominican Republic is on path towards a favorable economic environment, characterized by higher growth in the United States (its main trade partner…
Feb 2015
Author(s): Lagarda, Guillermo; Manzano, Osmel; Prat, Jordi
La región de Centroamérica, República Dominicana y Panamá se encamina hacia un entorno económico favorable caracterizado por un mayor crecimiento de Estados Unidos, su principal socio comercial, la…
Sep 2014
Author(s): Castro, Carlos; Garcia, Karen
This paper proposes and estimates a default risk model for agricultural lenders that explicitly accounts for two risks that are endemic to agricultural activities: commodity price volatility and…
Apr 2014
Author(s): Nolet, Gijs; Vosmer, Willem; De Bruijn, Matthijs; Braly-Cartillier, Isabelle
National development banks (NDBs) play a unique role in promoting sustainability. Due to their public mandate and contribution to the local credit markets, NDBs in the Latin American and Caribbean…
Apr 2014
Author(s): Nolet, Gijs; Vosmer, Willem; De Bruijn, Matthijs; Braly-Cartillier, Isabelle
Los Bancos Nacionales de Desarrollo (BND) desempeñan un rol único en la promoción de la sostenibilidad. Debido a su mandato público y a su función en los mercados locales de crédito, los BND no solo…
Apr 2014
Author(s): Nolet, Gijs; Vosmer, Willem; De Bruijn, Matthijs; Braly-Cartillier, Isabelle
Os Bancos Nacionais de Desenvolvimento (BNDs) desempenham um papel exclusive na promoção da sustentabilidade. Em virtude de seu mandato público e da função que exercem nos mercados de crédito locais…
Oct 2013
Author(s): Klinger, Bailey; Khwaja, Asim; LaMonte, Joseph
Access to finance remains a challenge for some micro, small, and medium-sized enterprises (MSMEs) in Peru, particularly informal enterprises with no borrowing history in the formal financial system.…
Oct 2013
Author(s): Cortazar, Gonzalo; Beuermann, Diether; Bernales, Alejandro
Thinly traded securities exist in both emerging and well developed markets. However, plausible estimations of market risk measures for portfolios with infrequently traded securities have not been…
Sep 2013
Author(s): Masciandaro, Donato
This study analyzes the international financial flows of Latin America in order to verify existence and direction of the Stigma Effect. Is the AML/CFT financial regulation that addresses the money…