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Macroeconomic Implications of Financial Dollarization; The Case of Uruguay

Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008

significant central bank reserves. Against this background, Uruguay now faces issues beyond those addressed to stabilize the … central bank reserves. …

Persistent link: https://www.econbiz.de/10011245904

Banking Spreads in Latin America

Gelos, Gaston - International Monetary Fund (IMF) - 2006

bank interest margins in that region using bank and country-level data from 85 countries, including 14 Latin American … intermediation, such as inflation and bank profit taxation. …

Persistent link: https://www.econbiz.de/10005769198

Devaluation Expectations and the Stock Market; The Case of Mexico in 1994/1995

Becker, Törbjörn I.; Richards, Anthony J.; Gelos, Gaston - International Monetary Fund (IMF) - 2000

Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the...

Persistent link: https://www.econbiz.de/10005605336

Brazil's Long-Term Growth Performance; Trying to Explain the Puzzle

Adrogué, Ricardo; Cerisola, Martin; Gelos, Gaston - International Monetary Fund (IMF) - 2006

This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation … macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show …

Persistent link: https://www.econbiz.de/10005826652