This PDF is a selection from a published volume from... National Bureau of Economic Research
... highly relevant for the policy debate. The observed lack of capital market development in Latin America may be a consequence of the region’s poor fundamentals, suggesting the need to push further ahead in the reform effort to achieve a higher level of economic and institutional development, which in ...
... highly relevant for the policy debate. The observed lack of capital market development in Latin America may be a consequence of the region’s poor fundamentals, suggesting the need to push further ahead in the reform effort to achieve a higher level of economic and institutional development, which in ...
Rethinking Reforms -How Latin America and the Caribbean Can
... However, such a policy mix will not by itself boost growth, nor could it be expected to do so. Rather, countries should consider further structural reform measures to enhance economic prospects, and to escape suppressed global growth. A review of the current status of reforms in the region in Chapte ...
... However, such a policy mix will not by itself boost growth, nor could it be expected to do so. Rather, countries should consider further structural reform measures to enhance economic prospects, and to escape suppressed global growth. A review of the current status of reforms in the region in Chapte ...
Convergence, Divergence, and Networks in the Age of Globalization
... have different answers to the following questions are different: what kinds of goods a country exports? With how many and which kind of economies it trades? Does it have lots of competitors in exports targeting the same oversee markets? It is our general argument that systemic level convergence forc ...
... have different answers to the following questions are different: what kinds of goods a country exports? With how many and which kind of economies it trades? Does it have lots of competitors in exports targeting the same oversee markets? It is our general argument that systemic level convergence forc ...
The Economic Consequences of Independence in Latin America
... necessary connection between political instability and the security of property rights18. Stable institutions can be impediments for growth when under their rule risk taking is constrained and property rights are not enforced19. A detailed and overall assessment for the new independent republics is ...
... necessary connection between political instability and the security of property rights18. Stable institutions can be impediments for growth when under their rule risk taking is constrained and property rights are not enforced19. A detailed and overall assessment for the new independent republics is ...
Colonial Independence and Economic Backwardness in Latin America
... necessary connection between political instability and the security of property rights18. Stable institutions can be impediments for growth when under their rule risk taking is constrained and property rights are not enforced19. A detailed and overall assessment for the new independent republics is ...
... necessary connection between political instability and the security of property rights18. Stable institutions can be impediments for growth when under their rule risk taking is constrained and property rights are not enforced19. A detailed and overall assessment for the new independent republics is ...
Assessing the economic effects of Latin American independence
... Perhaps it was Christopher Platt who most firmly opposed the Steins’ views. In Platt’s assessment of post-colonial Latin America changes had very limited impact, and only after 1860 a lagged effect of independence took place. Independence brought a redirection of trade from Iberia to Northern Europe ...
... Perhaps it was Christopher Platt who most firmly opposed the Steins’ views. In Platt’s assessment of post-colonial Latin America changes had very limited impact, and only after 1860 a lagged effect of independence took place. Independence brought a redirection of trade from Iberia to Northern Europe ...
The economic consequences of independence in Latin America
... Perhaps it was Christopher Platt who most firmly opposed the Steins' views. In Platt's assessment, independence had a very limited impact, and only after 1860 did a lagged effect become apparent. Independence brought a redirection of trade from Iberia to northern Europe and the United States, but th ...
... Perhaps it was Christopher Platt who most firmly opposed the Steins' views. In Platt's assessment, independence had a very limited impact, and only after 1860 did a lagged effect become apparent. Independence brought a redirection of trade from Iberia to northern Europe and the United States, but th ...
Bicameralism as a tool of constitutional engineering: The implication
... More recent work has focused on the institutions of interchamber bargaining (Shepsle and Weingast, 1987; Tsebelis and Money, 1997) Trades among members of different chambers may occurr only at the logrolling equilibria of both chambers making it more difficult because either chamber can veto the oth ...
... More recent work has focused on the institutions of interchamber bargaining (Shepsle and Weingast, 1987; Tsebelis and Money, 1997) Trades among members of different chambers may occurr only at the logrolling equilibria of both chambers making it more difficult because either chamber can veto the oth ...
World Bank - Public Documents Profile Viewer
... Note: This section was prepared by Ekaterine Vashakmadze with contributions from Hideaki Matsuoka, Jongrim Ha, and Shu Yu. Research assistance was provided by Liwei Liu. ...
... Note: This section was prepared by Ekaterine Vashakmadze with contributions from Hideaki Matsuoka, Jongrim Ha, and Shu Yu. Research assistance was provided by Liwei Liu. ...
Monetary Integration, Partisanship, and
... Once the government is committed to a particular set of fiscal and monetary rules, unions and employers bargain wages. We distinguish between two types of bargaining systems: coordinated and uncoordinated. In uncoordinated systems wages are set at the plant or firm level, and there is no or little c ...
... Once the government is committed to a particular set of fiscal and monetary rules, unions and employers bargain wages. We distinguish between two types of bargaining systems: coordinated and uncoordinated. In uncoordinated systems wages are set at the plant or firm level, and there is no or little c ...
the economic consequences of independence in latin america
... Perhaps it was Christopher Platt who most firmly opposed the Steins' views. In Platt's assessment, independence had a very limited impact, and only after 1860 did a lagged effect become apparent. Independence brought a redirection of trade from Iberia to northern Europe and the United States, but th ...
... Perhaps it was Christopher Platt who most firmly opposed the Steins' views. In Platt's assessment, independence had a very limited impact, and only after 1860 did a lagged effect become apparent. Independence brought a redirection of trade from Iberia to northern Europe and the United States, but th ...
economic reforms and inflows of foreign direct investment in latin
... Monty Marshall, Uk Heo, Geoffrey Garrett, Ron Rogowski, Michael New, John Tures, and three anonymous reviewers. Special thanks to Nate Jensen for his many useful suggestions on this work. 2. See Gastanaga, Nugent, and Pashamova (1998), who show that host country policies can influence FDI. ...
... Monty Marshall, Uk Heo, Geoffrey Garrett, Ron Rogowski, Michael New, John Tures, and three anonymous reviewers. Special thanks to Nate Jensen for his many useful suggestions on this work. 2. See Gastanaga, Nugent, and Pashamova (1998), who show that host country policies can influence FDI. ...
DC2010-0015 September 30, 2010 HOW RESILIENT HAVE
... Source: Didier, Hevia and Schmukler (2010). Projections for 2010-2011 come from the most recent available statistics from Consensus Forecasts (June 2010), with the IMF's World Economic Outlook (April 2010) used for countries not covered by the Consensus Forecasts. ...
... Source: Didier, Hevia and Schmukler (2010). Projections for 2010-2011 come from the most recent available statistics from Consensus Forecasts (June 2010), with the IMF's World Economic Outlook (April 2010) used for countries not covered by the Consensus Forecasts. ...
S2012029_en.pdf
... of technology. Investment in SMEs, both formal and informal, should no longer represent a marginal share of public investment. Such firms account for more than half of the workforce and tend to have very low levels of productivity. SME policy should be tied in with policy geared towards structural c ...
... of technology. Investment in SMEs, both formal and informal, should no longer represent a marginal share of public investment. Such firms account for more than half of the workforce and tend to have very low levels of productivity. SME policy should be tied in with policy geared towards structural c ...
Environmental Sustainability and Poverty Eradication in Developing
... in remote areas is 31.2% (23.2%), whereas the average (median) share of rural population in poverty is 46.6% (45.0%). Developing economies with high concentrations of their populations on fragile lands and in remote areas not only display high rates of rural poverty but also are some of the poorest ...
... in remote areas is 31.2% (23.2%), whereas the average (median) share of rural population in poverty is 46.6% (45.0%). Developing economies with high concentrations of their populations on fragile lands and in remote areas not only display high rates of rural poverty but also are some of the poorest ...
Monetary and Fiscal Policy in Today`s Endogenous Money World
... following the publication in 1936 of the General Theory of Employment, Interest, and Money (Keynes, 1936), discretionary fiscal stabilization policy gradually but steadily conquered hearts and minds of academics and practitioners alike. By the 1960s it was a common proposition that governments shoul ...
... following the publication in 1936 of the General Theory of Employment, Interest, and Money (Keynes, 1936), discretionary fiscal stabilization policy gradually but steadily conquered hearts and minds of academics and practitioners alike. By the 1960s it was a common proposition that governments shoul ...
Two decades ago, many people thought that the lesson of the
... would follow. The touted institutions included arms-length banking, competition for corporate control, Anglo-American securities markets, reliance on accounting firms and rating agencies, derivatives, bonus-compensation for executives, an adversarial legal system, deregulation, pro-consumer credit p ...
... would follow. The touted institutions included arms-length banking, competition for corporate control, Anglo-American securities markets, reliance on accounting firms and rating agencies, derivatives, bonus-compensation for executives, an adversarial legal system, deregulation, pro-consumer credit p ...
Confronting the Global Crisis in Latin America
... face of the global crisis, we proceed as follows: i. Go beyond a snapshot of the region and see the motion picture right to the end, tracing the macrodynamics under alternative hypotheses on how the global recovery unfolds ii. Develop a simple framework emphasizing liquidity issues as a key element ...
... face of the global crisis, we proceed as follows: i. Go beyond a snapshot of the region and see the motion picture right to the end, tracing the macrodynamics under alternative hypotheses on how the global recovery unfolds ii. Develop a simple framework emphasizing liquidity issues as a key element ...
Export Led Growth In South East Asia
... high growth trajectories. On this background it is necessary to analyze the policy environment in all these countries that facilitated the transmission of high export growth into the economic growth. This study undertakes the analysis of the export policy environment in selected east and South East ...
... high growth trajectories. On this background it is necessary to analyze the policy environment in all these countries that facilitated the transmission of high export growth into the economic growth. This study undertakes the analysis of the export policy environment in selected east and South East ...
economic performance in post
... comparative perspective. The main findings can be summarised as follows. First, the release of the fiscal burden of the imperial system was partly offset in the new countries by the higher costs of governing themselves. Second, integration into the world economy brought net gains to Latin American econ ...
... comparative perspective. The main findings can be summarised as follows. First, the release of the fiscal burden of the imperial system was partly offset in the new countries by the higher costs of governing themselves. Second, integration into the world economy brought net gains to Latin American econ ...
Understanding Economic Development and Institutional
... Yugoslav government launched a bold macroeconomic stabilization programme based on the ‘shock therapy’ (the first of this kind),4 together with a privatization law aimed at changing the property regime in the bulk of the economy. The stabilization programme was initially successful in halting inflat ...
... Yugoslav government launched a bold macroeconomic stabilization programme based on the ‘shock therapy’ (the first of this kind),4 together with a privatization law aimed at changing the property regime in the bulk of the economy. The stabilization programme was initially successful in halting inflat ...
031909a
... crucial for restoring market trust. Monetary policy should be eased further by reducing policy rates where possible, and supporting credit creation more directly. Delays in implementing comprehensive policies to stabilize financial conditions would result in a further intensification of the negative ...
... crucial for restoring market trust. Monetary policy should be eased further by reducing policy rates where possible, and supporting credit creation more directly. Delays in implementing comprehensive policies to stabilize financial conditions would result in a further intensification of the negative ...
what does the international monetary fund(imf) do?
... How Does the IMF help Poor Countries? 1. Most of the IMF's loans to low-income countries are made on concessional terms, under the Poverty Reduction and Growth Facility. 2. Under a mechanism introduced by the IMF in 2005—the Policy Support Instrument—countries can request that the IMF regularly and ...
... How Does the IMF help Poor Countries? 1. Most of the IMF's loans to low-income countries are made on concessional terms, under the Poverty Reduction and Growth Facility. 2. Under a mechanism introduced by the IMF in 2005—the Policy Support Instrument—countries can request that the IMF regularly and ...
Leandro Prados de la Escosura COLONIAL INDEPENDENCE AND ECONOMIC BACKWARDNESS
... explores the connections between independence and long-run economic backwardness. Independence had a very different impact across regions and widened regional disparities. The release of the fiscal burden was offset by higher costs of self-government, while opening up to the international economy re ...
... explores the connections between independence and long-run economic backwardness. Independence had a very different impact across regions and widened regional disparities. The release of the fiscal burden was offset by higher costs of self-government, while opening up to the international economy re ...
2. I E D nternational
... Reserve Bank of Peru, the Bank of Mexico and the Bank of Thailand each slashed policy rates by 25 basis points, while the Central Bank of Chile opted to cut rates by 50 basis points and the Magyar Nemzeti Bank and the National Bank of Romania each announced a 75 basis point rate cut. Against this ba ...
... Reserve Bank of Peru, the Bank of Mexico and the Bank of Thailand each slashed policy rates by 25 basis points, while the Central Bank of Chile opted to cut rates by 50 basis points and the Magyar Nemzeti Bank and the National Bank of Romania each announced a 75 basis point rate cut. Against this ba ...