Showing 1 - 10 of 205
Using a new database on the currency composition of assets and liabilities, this paper explores the determinants and consequences of currency mismatches in Chilean non-financial firms. As in previous firm level studies for Chile, we find that in periods following a depreciation firms with higher...
Persistent link: https://www.econbiz.de/10013126347
This paper assesses the extent to which a country's external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago)....
Persistent link: https://www.econbiz.de/10013126627
This paper shows that, contrary to conventional wisdom, once the Mexican economy moved from financial liberalization to financial paralysis in 1995, liquidity constraints were relaxed for many large and financially healthy firms listed on the Mexican Securities Market. In the latter period, only...
Persistent link: https://www.econbiz.de/10013126771
After building up foreign currency-denominated (FC) liabilities over several years, the balance sheets of Colombian firms might be particularly vulnerable to a shift in external conditions. This paper undertakes four exercises in order to get a better understanding of these vulnerabilities....
Persistent link: https://www.econbiz.de/10012958076
Persistent link: https://www.econbiz.de/10012999348
This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information...
Persistent link: https://www.econbiz.de/10013023202
This paper analyzes whether Free Trade Agreements (FTAs) signed between the United States and Latin American countries during the last decade produced higher enforcement of labor regulations. The paper computes before-after estimates of the effect of FTAs on labor inspections and exploits...
Persistent link: https://www.econbiz.de/10013028933
This paper surveys evidence on discrimination in Latin America and shows that there is a widespread perception of discrimination, especially against the poor, the uneducated and those who lack connections. The channels through which discrimination occurs may be built on the basis of economic...
Persistent link: https://www.econbiz.de/10013038048
Information and communication technologies (ICT)--cell phones, computers, Internet--hold great promise but greater access alone cannot bring about economic development. This is a major finding of the IDB`s latest edition of its flagship Development in the Americas series titled Development...
Persistent link: https://www.econbiz.de/10013038068
Banking authorities must resolve or otherwise deal with existing banks that are weak or insolvent without imposing costs on consumers or taxpayers. Two aspects of this concern should be delineated. First, how can banking regulations be structured so that the future exit of weak and insolvent...
Persistent link: https://www.econbiz.de/10013114864