This paper introduces preliminary evidence from a cross-country database of policy characteristics and potential uses of that database. While most databases have emphasized either the content of policies (e.g., size of government deficits) or countries’ formal institutions (e.g., political...

(Disponible en idioma inglés únicamente) Proponemos que los bancos extranjeros pueden representar un elemento de compensación cuando sus receptores son países en desarrollo. Se formula un modelo de cartera para mostrar que es posible que un banco internacional más diversificado puede...

This paper analyzes the evolution of gender differences in school attendance and attainment in Latin America and the Caribbean, for both adults who left the educational system and children in school. For individuals 21 years old and above the paper uses a cohort analysis of school attainment....

Porqué los donantes bilaterales intermedian la ayuda a través de una multilateral y no directamente? Este paper sugiere un trade-off: múltiples donantes bilaterales para cada beneficiario puede implicar problemas estratégicos y de coordinación pero mediación a través de una multilateral...

This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world....

This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world....

This paper argues that institutionalization is an equilibrium phenomenon and is associated with better policies and better results in terms of economic development. In support of this argument is presented a theoretical model that extends the space of feasible actions for political actors,...

The recent financial crisis has forced a rethink of banking regulation and supervision and the role of financial innovation. This paper develops a model where prudent banks may signal their type through high capital ratios. Capital regulation may ensure separation in equilibrium, but deposit...

This paper proposes a methodology to resolve the problems that result from using a combination of objective and subjective information in evaluating urban quality of life. The paper further suggests techniques to identify and rank issues of potential importance for urban dwellers. In order to...

The recent global financial crisis has put the spotlight on macro-prudential policies to protect firms and households from problems emanating from the financial sector. This paper proposes an analytical framework that combines exogenous and endogenous risks, the latter seen as stemming from...