This report discusses FX liquidity metrics and their drivers, reaching four conclusions. First, changes in FX markets have reduced the usefulness of some conventional FX liquidity metrics; several metrics need to be assessed together to give a better picture of market liquidity. Second, some...

This book is open access under a CC BY 4.0 license. This book brings together a range of ideas and theories to arrive at a deeper understanding of inequality in Latin America and its complex realities. To so, it addresses questions such as: What are the origins of inequality in Latin America?...

This paper investigates the impact of price and real exchange rate volatility on Foreign Direct Investment (FDI) inflows in a panel of 10 Latin American and Caribbean countries, observed between 1990 and 2012. Both price and exchange rate volatility series are estimated through the Generalized...

Migration is one of the strategies used by populations to adapt to natural shocks and also to respond to economic policies. Climate change will probably have an impact on the productivity of factors and on the health of the population of the Latin America and Caribbean region, triggering...

This paper combines development accounting exercises with economic theory to assess the importance of total factor productivity and the accumulation of factors of production as engines of growth in Latin America. Using the new, drastically revised Penn World Table (PWT) and Barro-Lee datasets,...

Diese Doktorarbeit untersucht die Beteiligung lateinamerikanischer Länder in der Welthandelsorganisation (WTO). Die Dissertation erforscht die Arbeitsweise der multilateralen Handelsgemeinschaft und analysiert das Schaffen der diplomatischen Missionen in Genf über die letzten zwei Jahrzehnte...

The thinking that has unilaterally dominated economic science for over five decades has recently come under intensive scrutiny and its validity and conceptual and empirical coherence are the subject of controversy. Thus the limitations of the prevailing paradigm for addressing the failures of...

In this paper, we present comparative evidence for eight Latin American countries regarding design and effects of cash transfers (CTs). On the basis of household survey data, we analyse their coverage, importance in household income, and effects on poverty reduction and income redistribution. We...

The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper, I illustrate their long-term consequences on contemporaneous socio-economic outcomes, drawing from my own previous work on the topic and from an extensive review of the...

At the present moment in history, humanity is faced with several major challenges, one of them being that of feeding an increasingly populous and urbanised planet. The challenge is even greater as it becomes clearer that it is not just a matter of producing enough fibres and primary products...

In the great majority of Latin American countries in the 2000s, economic growth took place and brought about improvements in almost all labour market indicators and consequent reductions in poverty rates. Across countries, economic growth was not all that mattered; external factors were...