We use a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. We test whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact varies...

Panel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many...

There is by now a large literature that describes and discusses discontent with the process of pro-market reforms that is usually subsumed under the heading of the "Washington Consensus" (Williamson, 1990) and often associated with the process of "globalization" (for a survey see Lora and...