This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. There are many ways in which this can occur, and no specific mechanism is endorsed. These macroeconomic causes of bank vulnerability and crisis have important...

This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. There are many ways in which this can occur, and no specific mechanism is endorsed. These macroeconomic causes of bank vulnerability and crisis have important...

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...

The authors of this volume analyze the policies that led to East Asia's economic success, including those affecting human resources, savings, the financial sector, trade and institutions, and examine the lessons these policies carry for Latin America. The genesis of this book was an...

Fourteen essays by experienced political leaders, researchers and scholars examine the political economy and international relations of the Caribbean. Strategies for sustainable development include proposals to link productive structures among private sectors and increase institutional flexibility.

Escaping the Poverty Trap proposes early childhood investment policies that could decisively change the prospects for the next generation of the region's poor. Contributors include Nobel Laureate Amartya Sen and Gro Harlem Brundtland, former director-general of the World Health Organization. In...

This paper develops and applies a new approach to the estimation of the impact of economy-wide reforms on wage differentials, using a new high-quality data set on wage differentials by schooling level for 18 Latin American countries for the period 1980-1998. The results indicate that reform...

The evidence shows that government spending for health in many developing countries benefits the well-to-do more than the poor. However, a combination of favorable political forces and sound public policies can shift the focus of government expenditures toward the poor. Doing this is an...

In light of recent results, the fight against poverty in Latin America has been far from satisfactory. The standard approach of multicultural credit agencies will continue to be limited if it does not stress the central role of the distribution as well as the accumulation of productive assets,...

The effects of market and policy reforms on poverty and inequality in Latin America have been of considerable concern. The region continues to have relatively great income inequalities. Two different societies with the same income distribution may have different levels of social welfare because...