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CMF in Review: 2006-2011

Hooten, Christopher; Pietrobelli, Carlo - Inter-American Development Bank - 2012

This paper presents a retrospective review of several key areas of work of the Capital Markets and Financial Institutions Division (CMF) of the Inter-American Development Bank. Presented with each chapter as an independent piece, the paper analyzes the operations portfolio of CMF from 2006 to...

Persistent link: https://www.econbiz.de/10010654240

Booms and Busts in Latin America: The Role of External Factors

Izquierdo, Alejandro; Romero, Randall; Talvi, Ernesto - Inter-American Development Bank - 2008

This paper analyzes the relevance of external factors in average quarterly GDP growth for 1990-2006 in the seven largest Latin American countries (LAC7). Modeling the relationship between LAC7 GDP and several external factors, it is found that those factors account for a significant share of...

Persistent link: https://www.econbiz.de/10010653853

Financial Dollarization and Dedollarization

Fernández-Arias, Eduardo - Inter-American Development Bank - 2005

Financial dollarization is a key factor behind systemic financial fragility in Latin America. The experience shows that dedollarization can be achieved but can just as easily be missed, and worse: blunt dedollarization measures repressing dollarization may easily fail to solve fragility and,...

Persistent link: https://www.econbiz.de/10010654925

Global Liquidity, House Prices and the Macroeconomy: Evidence from Advanced and Emerging Economies

Rebucci, Alessandro; Cesa-Bianchi, Ambrogio; Céspedes, … - Inter-American Development Bank - 2015

This paper first compares house price cycles in advanced and emerging economies using a new quarterly house price dataset covering the period 1990- 2012. It is found that that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across...

Persistent link: https://www.econbiz.de/10011240366

Beyond Borders: The New Regionalism in Latin America Title: Más allá de las fronteras: El nuevo regionalismo en América Latina

Galindo, Arturo; Fernández-Arias, Eduardo; Machinea, … - Inter-American Development Bank

from free trade areas to customs unions. This Report examines such dimensions of integration as market access … of sub-regional integration initiatives, the Doha multilateral trade agenda, and North-South initiatives such as the Free … Trade Area of the Americas and inter-regional agreements with the European Union.Abstract: La integración regional ha …

Persistent link: https://www.econbiz.de/10010895473

Dealing with Negative Oil Shocks: The Venezuelan Experience in the Eighties

Hausmann, Ricardo - Inter-American Development Bank - 1995

regimes for countries subject to large and frequent trade shocks. In addition, the analysis can be simplified for two reasons …

Persistent link: https://www.econbiz.de/10010943623

Why Do Countries Float the Way They Float?

Hausmann, Ricardo; Panizza, Ugo; Stein, Ernesto H. - Inter-American Development Bank - 2000

movements of the exchange rate relative to the volatility that they tolerate either on the level of reserves or in interest …

Persistent link: https://www.econbiz.de/10010943645

Trade and Employment: Evidence from Latin America and the Caribbean

Márquez, Gustavo; Pagés-Serra, Carmen - Inter-American Development Bank - 1997

This paper examines the impact of the recent wave of trade liberalization and economic reform on employment. Four … alternative measures of openness and four measures of the real exchange rate are used to measure the impact of trade reforms on … manufacturing and economy-wide employment. Across a wide range of specifications, trade reforms have had a negative, albeit small …

Persistent link: https://www.econbiz.de/10010943875

Inflation Targeting and Quantitative Tightening: Effects of Reserve Requirements in Peru

Armas, Adrián; Castillo, Paul; Vega, Marco - Inter-American Development Bank - 2014

This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...

Persistent link: https://www.econbiz.de/10010943927

Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons

Izquierdo, Alejandro; Calvo, Guillermo A.; Talvi, Ernesto - Inter-American Development Bank - 2002

This paper offers an alternative explanation for t he fall of Argentina's Convertibility Program based on the country's vulnerability to Sudden Stops in capital flows. Sudden Stops are typically accompanied by a substantial increase in the real exchange rate that wreaks havoc in countries that...

Persistent link: https://www.econbiz.de/10010943938