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...

(Available only in Spanish) This work attempts to answer the question: How has trade and financial liberalization affected inequality and poverty in Latin America? To do this, we use a methodology to estimate the effect of economic liberalization on inequality and poverty, and apply it to a...

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...

(Disponible en idioma inglés únicamente) Los efectos de las reformas de mercado y de políticas sobre la pobreza y la desigualdad en América Latina han sido motivo de considerable preocupación. La región sigue exhibiendo desigualdades de ingresos relativamente grandes. Dos sociedades...

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...

(Disponible en idioma inglés únicamente) En este trabajo se tratan las maneras en que los acontecimientos macroeconómicos pueden presionar a los bancos y, en casos extremos, conducir a crisis bancarias. Esto puede ocurrir de muchas maneras y no se trata ningún mecanismo específico. Estas...

(Disponible en idioma inglés únicamente) En este trabajo se desarrolla y aplica un enfoque nuevo al cálculo de los efectos de las reformas económicas sobre las diferencias salarias, empleándose un nuevo conjunto de datos de alta calidad sobre las diferencias salariales por nivel de...

Este trabajo intenta responder a la pregunta de cuál ha sido el efecto de la liberalización comercial y financiera sobre la desigualdad y la pobreza en América Latina. Para esto, proponemos una metodología para estimar el efecto de la liberalización económica sobre la desigualdad y la...

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,...

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...