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An Economic Growth Framework as Applied to Brazil, Colombia, Costa Rica, Mexico, and Peru
Growing Pains in Latin America lays out and applies a region-specific framework for delivering sustainable economic growth. A task force of experts le...
35 YEARS OF FLAR
Hardcover book with hood, printed on paper Dalí Camoscio....
Understanding Interest Rate Spreads in Latin America
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This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of do...
Experiences and Issues
This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiven...
From Banking Crisis Resolution to Current Policy Challenges
This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial se...
Experience and Issues
This paper associates both the increase in risk taken by wholesale banks in the United States and the decline in earnings at wholesale banks in Japan ...
The 1980s and 1990s
By reviewing the experiences of Latin American countries with the restructuring of their financial sectors since 1982, this paper derives lessons rega...
From Growth to Prosperity
Official controls on interest rates and capital flows rule out the use of traditional interest rate parity conditions to measure changes in the degree...
The Role of Exchange Rate Expectations and International Creditworthiness
This paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions a...
This paper builds a multiperiod, general equilibrium framework for analyzing the macroeconomic effects of financial reforms in developing countries an...
This paper examines how a country’s exchange rate policy should be adjusted when the degree of integration between domestic and external financial m...
Recent Economic Developments
An Analysis of the Consistency of Macroeconomic Policies in Mexico
This paper uses a simple framework based on the government budget constraint to analyze the consistency of macroeconomic policies undertaken in Mexico...
Meeting the Challenge of Competitiveness in the 21st Century
The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Stru...