Showing 1 - 10 of 46
El escaneo climático o climate screening es una herramienta que sirve para evaluar una política, programa o proyecto de desarrollo, a la luz de los impactos del cambio climático (actuales o potenciales). Su objetivo es identificar la vulnerabilidad de determinada(s) política(s), proyecto(s),...
Persistent link: https://www.econbiz.de/10010544327
This paper first compares house price cycles in advanced and emerging economies using a new quarterly house price dataset covering the period 1990- 2012. It is found that that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across...
Persistent link: https://www.econbiz.de/10011240366
from free trade areas to customs unions. This Report examines such dimensions of integration as market access … of sub-regional integration initiatives, the Doha multilateral trade agenda, and North-South initiatives such as the Free … Trade Area of the Americas and inter-regional agreements with the European Union.Abstract: La integración regional ha …
Persistent link: https://www.econbiz.de/10010895473
regimes for countries subject to large and frequent trade shocks. In addition, the analysis can be simplified for two reasons …
Persistent link: https://www.econbiz.de/10010943623
Countries that are classified as having floating exchange rate systems (or very wide bands) show strikingly different patterns of behavior. They hold very different levels of international reserves and allow very different volatilities in the movements of the exchange rate relative to the...
Persistent link: https://www.econbiz.de/10010943645
This paper examines the impact of the recent wave of trade liberalization and economic reform on employment. Four … alternative measures of openness and four measures of the real exchange rate are used to measure the impact of trade reforms on … manufacturing and economy-wide employment. Across a wide range of specifications, trade reforms have had a negative, albeit small …
Persistent link: https://www.econbiz.de/10010943875
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...
Persistent link: https://www.econbiz.de/10010943927
This paper offers an alternative explanation for t he fall of Argentina's Convertibility Program based on the country's vulnerability to Sudden Stops in capital flows. Sudden Stops are typically accompanied by a substantial increase in the real exchange rate that wreaks havoc in countries that...
Persistent link: https://www.econbiz.de/10010943938
Financial turmoil is becoming a fact of life in Latin America. The 1990s have been characterized by enormous volatility in the magnitude and cost of capital flows. The correlation of capital swings across disparate countries suggests that the quality of emerging market policies in addition to...
Persistent link: https://www.econbiz.de/10010943993
During the past decade, structural polices in the region have been aimed increasingly at improving economic efficiency and reducing government interference in economic decisions. The effects of this shift have not yet been accurately evaluated due to the lack of systematic measurements of the...
Persistent link: https://www.econbiz.de/10010944234