Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belize’s public finance to the occurrence of hurricanes...

(Disponible en idioma inglés únicamente) En este trabajo se sigue una metodología de diferencia en diferencia parecida a la que propusieron originalmente Rajan y Zingales (1998) para comprobar si el incumplimiento perjudica a las industrias más orientadas a la exportación. Se halló un...

Spreads on sovereign bonds are at an all-time low, at least since the current era of emerging economy bond markets began in the 1990s. This paper examines the current state of the international and domestic bond markets and asks whether the current favorable trends will constitute a durable...

Los desastres naturales son una importante fuente de vulnerabilidad en la región del Caribe. A pesar de ser una de las regiones del mundo con más altas probabilidades de desastres naturales, el Caribe tiene los niveles más bajos de cobertura de seguro. Este articulo examina la vulnerabilidad...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belize’s public finance to the occurrence of hurricanes...

This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong support for this hypothesis was found, but contrary to the findings of previous studies, our...