Jun 2020
Author(s): Deza, María Cecilia; Beverinotti, Javier
En este documento se realiza un diagnóstico de la resiliencia de las empresas de la región andina antes del COVID-19. Para ello se toma como base la literatura que estudia la resiliencia de una…
Jun 2020
Author(s): Gauto, Victor; Mooney, Henry
Guyana's economy is on the verge of a historic transformation owing to recent oil discoveries. In this context, maximizing the benefits of faster growth and increased revenues will depend…
Jun 2020
Author(s): Fernandini Puga, Manuel; Rodríguez, Juan Carlos; Domínguez, Joaquín; Schneider, Christian
Los mecanismos de garantía han demostrado ser un instrumento eficaz y eficiente para facilitar el acceso a financiamiento de las mipyme y mitigar el impacto económico de la pandemia generada por el…
May 2020
Author(s): Auguste, Sebastián; Galetto, Bruno
Este estudio muestra nueva y amplia evidencia de una brecha importante en el acceso a crédito entre mujeres y hombres empresarios en Argentina. Según encuestas, solo 20,5% de las empresas lideradas…
May 2020
Author(s): Herrera, Diego
Micro, small and medium-sized enterprises (MSMEs) comprise 99.5 percent of the businesses, 60 percent of the employed population, and about 25 percent of the gross domestic product (GDP) in Latin…
May 2020
Author(s): Herrera, Diego
Las micro, pequeñas y medianas empresas (mipyme) comprenden el 99,5% de las empresas, el 60% de la población empleada y aproximadamente el 25% del producto interno bruto (PIB) en América Latina y el…
Apr 2020
Author(s): Erce, Aitor; Mallucci, Enrico; Picarelli, Mattia
Sovereign defaults are increasingly affecting liabilities governed by local law and held by local residents. This paper provides an overview of the existing literature on domestic defaults, describes…
Apr 2020
Author(s): Ayres, João; Raveendranathan, Gajendran
We analyze a general equilibrium model of firm dynamics to study the effects of shocks to productivity, labor wedge, and collateral constraint (credit shock) on firm exit. We find that only the…
Dec 2019
Author(s): Vera, Diego
Limited information about borrowers may create allocative distortions in credit markets. Community-based lending programs may reduce these distortions by exploiting relevant information available to…
Nov 2019
Author(s): Carrillo, Julio A.; Nuguer, Victoria; Mendoza, Enrique G.; Roldán-Peña, Jessica
Violations of Tinbergen’s Rule and strategic interaction undermine monetary and financial policies significantly in a New Keynesian model with the Bernanke-Gertler accelerator. Welfare costs of risk…
May 2019
Author(s): Fernandini Puga, Manuel; González, Wildo; Aquino, Ruth N.
Uno de los factores que impide que las instituciones financieras de la región logren incrementar su volumen de financiamiento de hipotecas es el descalce de plazo. En Paraguay, la irrupción de la…
Feb 2019
Author(s): Banerjee, Abhijit; Breza, Emily; Townsend, Robert; Vera-Cossio, Diego A.
Approaches to underdevelopment based on misallocation of resources have two premises. First, that there is huge heterogeneity in terms of underlying productivity among potential and actual…
Aug 2018
Author(s): Vera-Cossio, Diego A.
Decentralizing the allocation of resources to community members is an increasingly popular form of delivering public resources in developing countries. However, this approach is associated with the…
Sep 2017
Author(s): Echavarría, Juan José; Villamizar-Villegas, Mauricio; McAllister, Daniela
Utilizamos una extensa base de datos de panel del período 2006-2014, proveniente de múltiples fuentes de información, entre las que están el Fondo para el Financiamiento del Sector Agropecuario (…
May 2017
Author(s): Granda, Catalina; Hamann, Franz; Rud, Juan Pablo
In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the…
Aug 2016
Author(s): Chang, Roberto; Fernandez, Andres; Gulan, Adam
Corporate sectors in emerging markets have noticeably increased their reliance on foreign financing, presumably reflecting low global interest rates. The evidence also shows a rebalancing from bank…
Jan 2016
Author(s): Mas, Ignacio
The progress of financial inclusion in the Latin American and Caribbean region is constrained by the high cost of providing and accessing financial services. On the client side, micro- and small-…
Dec 2015
Author(s): Medellín, Nadin; Ibarrarán, Pablo; Stampini, Marco; Villa, Juan Miguel
This monograph reviews the processes used by conditional cash transfer (CCT) programs in Latin America and the Caribbean (LAC) to recertify beneficiaries for services or classify them as ready to…
Dec 2015
Author(s): Medellín, Nadin; Ibarrarán, Pablo; Stampini, Marco; Villa, Juan Miguel
Esta monografía analiza los procesos que aplican los programas de transferencias monetarias condicionadas (PTMC) en América Latina y el Caribe (ALC) para la recertificación de los beneficiarios de…
Oct 2015
Author(s): O'Brien, Cherran; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro; Gomez Osorio, Camillo; 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…