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Financial dollarization is a key factor behind systemic financial fragility in Latin America. The experience shows that dedollarization can be achieved but can just as easily be missed, and worse: blunt dedollarization measures repressing dollarization may easily fail to solve fragility and,...
Persistent link: https://www.econbiz.de/10010654925
particular spin to this conclusion by showing that investment decisions at the firm level are also explained by the restoration …, perhaps the most relevant result is the confirmation that in Colombia, investment decisions are negatively affected by the …
Persistent link: https://www.econbiz.de/10010943928
also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …
Persistent link: https://www.econbiz.de/10010944537
The 2000-2008 Country Program Evaluation (CPE) for Trinidad and Tobago (RE-353) was conducted by the Office of Evaluation and Oversight to inform the Board's discussion with IDB Management regarding future strategy for each country. It involved three weeks of missions to both Trinidad and...
Persistent link: https://www.econbiz.de/10010673378
China's size, rapid growth, external openness, and trade performance have led to varying perceptions among the countries of Latin America: Is China a potential new market, a potent new competitor, or both? This book assesses the near-term strategic implications of China's economic performance...
Persistent link: https://www.econbiz.de/10010772418
This paper estimates the impact of relative price volatility on sector-level investment allocation using a panel of 65 … efficient investment allocation in that investment is not necessarily devoted to relatively more productive sectors, especially …
Persistent link: https://www.econbiz.de/10010943668
The understanding of the economic effect of formal institutional rules has progressed substantially in recent decades. These formal analyses have tended to take for granted that institutional arenas such as Congress are the places where decision-making takes place. That is a good approximation...
Persistent link: https://www.econbiz.de/10010943698
This paper is part of the project: "IDB's Science and Technology Programs: An Evaluation of the Technology Development Funds (TDF) and Competitive Research Grants (CRG)." This paper analyzes the role of National Research Funds in promoting scientific production in emerging economies. The...
Persistent link: https://www.econbiz.de/10010943705
The effects of market and policy reforms on poverty and inequality in Latin America have been of considerable concern. The region continues to have relatively great income inequalities. Two different societies with the same income distribution may have different levels of social welfare because...
Persistent link: https://www.econbiz.de/10010943724
The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large panel data of countries for 1970-2010 reveal a negative...
Persistent link: https://www.econbiz.de/10010943753