The Hamburg Institute for Economic Research, the Institut für Iberoamerikakunde, Hamburg, and the Institute for European-Latin American Relations, Madrid, on the occasion of the 1993 Annual Assembly of the IDB/IIC Board of Governors in Hamburg, organized a seminar on "Latin America's...

The increased importance of rating agencies for emerging-market finance has brought their work to the attention of a wider group of observers - and under criticism. This paper evaluates whether the importance of ratings for developing-country finance has changed since the Asian Crisis and...

When the OECD Development Centre launched research in 2005 to document the economic, political and social impacts of China's and India's economic growth on sub-Saharan African (SSA) countries, the arrival (or resurgence) of new important players had triggered concerns among traditional donors....

The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning...