This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Recognizing the need to improve the quality of financial disclosure by private sector firms in Latin America and the Caribbean, the Inter-American Development Bank sponsored a conference in September 29-30, 1997 entitled Financial Disclosure and the Development of Financial Markets: The Impact...

The template presented in this note is concerned with the evaluation of the sustainability of total government debt, regardless of whether the creditor is a domestic or foreign resident, a public or private entity or the jurisdiction where the debt was issued (in the case of bonded debt). The...

This report examines some of the implications of price risk and volatility, and weather risks in the LAC region that are important threats to already vulnerable populations. It considers the advantages and limitations of a set of financial instruments for managing these risks; and identifies...

This is the context in which this study has been designed, which proposes a discussion of the fundamentals of employing a mechanism based on the use of financial hedging instruments to mitigate the impact of oil price volatility on the cost of oil derivatives. For the purpose of contributing to...

This book contains a selection of the major presentations from the conference: "Policy-Based Finance and Alternatives for Financial Market Development" held in Rio de Janeiro, Brazil in early 1996. It explores the generally successful East Asian experiences with policy-based finance and...

This book analyzes the status of the markets in Latin America and identifies the technical, political, and financial challenges to building vibrant capital markets and increasing the efficiency benefits of regional economic and financial integration.

Latin American experts demonstrate how market-friendly measures in key policy areas can promote greater equity and efficiency. By identifying win-win strategies, the authors challenge the conventional wisdom that there is always a tradeoff between these two objectives. This volume shows how...

In High Price for Change, a distinguished economist discusses the impact of Mexico's privatization on government finances, the balance of payments, and the financial market, as well as on employment, profits and productivity.

Latin America in the 1990s remains the most unequal region in the world in terms of income distribution. Yet because of its changing demographics -declining fertility rates and large number of young people entering the workforce- the region now has a unique window of opportunity to reduce the...