This paper describes private actors' involvement in Colombia's policymaking process. While more transparent and formal channels are used to discuss horizontal policies, they are also less effective. The adoption of targeted policies, however, follows a faster track and depends more on political...

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...