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…
Mar 2008
Author(s): Mednik, Matias;Rodríguez, César;Ruprah, Inder J.
This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the…
Feb 1996
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper focuses on the design of successful bank restructuring programs in Latin America, a region where banking crises have been frequent in the past two decades. In each episode, Latin American…
Apr 1995
Author(s): Rojas-Suárez, Liliana;Weisbrod, Steven R.
This paper considers whether reserve requirements have been effective in controlling excessive liquidity growth. It also discusses the adequacy of bank supervisory standards, such as capital to risk-…