This volume covers the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. The volume's chapters examine different aspects of these problems, ranging from the purely economic to the institutional and political economy dimensions. The...

Intro -- Contents -- Acknowledgments -- Introduction -- Institutions Matter for Development -- Institutional Reform Is Possible -- Institutions, Governance, and Incentives in Banking: Safety Net Arrangements -- Capital Markets and Legal Institutions -- Reforming the School in Latin America and...