Nov 2015
Author(s): Serebrisky, Tomás; Suárez-Alemán, Ancor; Margot, Diego; Ramirez, Maria Cecilia
Much attention has been devoted to how much infrastructure investment LAC needs. Less attention has been devoted to where that investment comes from. This report examines how much LAC invests in…
Nov 2015
Author(s): Serebrisky, Tomás; Suárez-Alemán, Ancor; Margot, Diego; Ramirez, Maria Cecilia
Durante las últimas décadas se ha prestado especial atención a cuánto es necesario invertir en infraestructura en América Latina y el Caribe (ALC). Sin embargo, no ha ocurrido lo mismo en relación al…
Oct 2015
Author(s): O'Brien, Cherran; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro; Gomez Osorio, Camilo; Khadan, Jeetendra
The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries…
Oct 2015
Author(s): O'Brien, Cherran; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro; Gomez Osorio, Camilo; Khadan, Jeetendra
The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries…
Sep 2015
Author(s): Hallerberg, Mark; Scartascini, Carlos
This paper examines whether elections, which are generally held on fixed dates, and banking crises explain the timing of tax reforms and the allocation of the additional tax burden. Using an…
Jul 2015
Author(s): Hansen, Erwin; Wagner, Rodrigo
This paper explores how affiliates of multinational corporations save liquidity when facing a transitory cash-flow shock. For this a panel is first built of non-publicly traded copper mines in South…
Mar 2015
Author(s): Bonomo, Marco; Brito, Ricardo; Martins, Bruno
Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the recent financial crisis. However, government credit concessions continued to expand…
Sep 2014
Author(s): Funaro, Rita
Industrial policy has often done more harm than good. The time is right for Latin America and the Caribbean to explore a new way of thinking about productive development policy that will help…
Sep 2014
Author(s): Funaro, Rita
Las políticas industriales a menudo han causado más daño que beneficio. Ha llegado el momento para que América Latina y el Caribe exploren una nueva manera de pensar las políticas de desarrollo…
Aug 2014
Author(s): Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, Alessandro
The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics. This paper studies the…
Jul 2014
Author(s): Adams-Kane, Jonathon; Caballero, Julián; Lim, Jamus
This paper studies whether lending by foreign banks is affected by financial crises. The paper pairs a bank-level dataset of foreign ownership with information on banking crises and examines whether…
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…
Mar 2014
Author(s): Powell, Andrew; Arce, Fernando
The February 2014 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations for 2014 have fallen from 3. 9% to 3. 8% while…
Nov 2013
Author(s): Mercer-Blackman, Valerie; Melgarejo, Karl Alexander
Caribbean countries are many times described as "vulnerable" in that they are highly prone to shocks such as food price hikes, natural disasters, and other global phenomena. This policy…
Oct 2013
Author(s): Evenett, Simon J.
The resort to discrimination in the Latin American and Caribbean (LAC) region against foreign commercial interests is documented in this paper and compared to aggregate statistics for worldwide…
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…
May 2013
Author(s): Montiel, Peter J.
This paper presents an analytical overview of recent contributions to the literature on the policy implications of capital flows in emerging and developing countries, focusing specifically on capital…
Feb 2013
Author(s): Izquierdo, Alejandro; Loo-Kung, Rudy; Rojas-Suárez, Liliana
In recent years, and especially in the aftermath of the global financial crisis, a number of emerging market economies have been reforming their regulatory frameworks to adopt recommendations of the…
Feb 2013
Author(s): Cesa-Bianchi, Ambrogio; Rebucci, Alessandro
This paper develops a model featuring both a macroeconomic and a financial stability objective that speaks to the interaction between monetary and macroprudential policies. First, we find that…
Jan 2013
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana; del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…