A growing number of cities around the world have established systems for monitoring the quality of urban life. Many of those systems combine objective information with subjective opinions and cover a wide variety of topics. This book assesses a method that takes advantage of both types of...

A growing number of cities around the world have established systems for monitoring the quality of urban life. Many of those systems combine objective information with subjective opinions and cover a wide variety of topics. This book assesses a method that takes advantage of both types of...

En este trabajo se analizan modelos alternativos de clasificación soberana emergente. Aunque un número pequeño de indicadores económicos fundamentales explica las clasificaciones de manera razonablemente precisa, las variaciones de esos indicadores económicos fundamentales se pueden...

We suggest that foreign banks may represent a trade-off for their developing country hosts. A portfolio model is developed to show that a more diversified international bank may be one of lower, overall risk and less susceptible to funding shocks but may react more to shocks that affect expected...

(Disponible en idioma inglés únicamente) El mercado de los bancos o los riesgos de las operaciones han aumentado apreciablemente en los últimos años, principalmente como resultado del crecimiento de los activos líquidos en los balances generales de los bancos y el aumento de las actividades...

The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...

El dinero se utiliza como una reserva de valor, un medio de intercambio y una unidad de cuenta. Los más recientes análisis sobre la elección de moneda en un escenario internacional se han enfocado en la denominación de reservas—el rol de reserva de valor. Sin embargo, la información...

Argentina is a federal country and hence, although laws are national and the central bank has national jurisdiction as a regulator of the financial system, the 24 Argentine provinces have independent judicial authority. In this paper we analyze how variations in the effectiveness of the legal...

Why would bilateral donors intermediate aid through a multilateral and not extend aid directly? This paper suggests a trade-off: multiple bilateral donors for each recipient may imply coordination and strategic problems but intermediating through a multilateral may dilute individual donor...

This paper analyzes alternative models for emerging sovereign ratings. Although a small number of economic fundamentals explain ratings reasonably well, variations in those economic fundamentals are themselves explained by a small number of world factors. On the other hand, global financial...