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…
Oct 2012
Author(s): Borensztein, Eduardo;Castilleja Vargas, Liliana;Hernaiz, Daniel;Rasteletti, Alejandro
This document analyzes the patterns of fiscal and monetary policy in five economies of the Latin American Southern Cone (Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of…