This study investigates the impact of systemic risks and financial dollarization on real interest rates in emerging economies. Higher systemic risks induce both higher real interest rates and increased dollarization. Using appropriate instruments for the dollarization ratio, the study overcomes...

Plant-level panel data from Mexico's Annual Industrial Survey is employed to evaluate the impact of reductions in tariffs and import license coverage on final goods, as well as intermediates, on firms'investment decisions. Using data from 1984 to 1990, a period during which a large scale trade...

Recent research suggests that management of the public sector's debt can have important effects on a country's macroeconomic performance. This article provides an overview of the factors that the recent literature has identified as important in determining the optimal composition of the public...

This article reviews the main issues of regulating and supervising banks in emerging markets with a view toward evaluating the long-run options. Particular attention is paid to Latin America and East Asia. These economies face a severe policy commitment problem that leads to excessive bailouts...

In recent decades, financial development policies in emerging market economies have been shaped by a fundamental shift toward market-based financial systems and the lessons fromFinancial crises. Today, there is consensus that financial development depends on financial stability and convergence...

Foreword -- 1. Putting the Tropics on the academic map: The Raison d’être of the SEIGOP Conference (Manisha Agarwal, Thomas Chong, Emiel L. Eijdenberg, Janice Lim, Maxwell Low, Malobi Mukherjee, Erica Nee, May Tan-Mullins, Jacob Wood) -- 2. Seeking a sustainable technology of governance to...