The financial crisis of 2008 has rekindled interest in sovereign debt crises among policy makers and scholars. History shows that lending booms typically end in busts, with the beneficiaries of debt in the upswing often forced to default or reschedule their debts in the downswing (Sturzenegger...

Las negociaciones del TLC han generado ya una voluminosa bibliografía, concentrada en las implicaciones potenciales de este arreglo minilateral para las economías de México, Estados Unidos y Canadá. También han despertado cierto interés las implicaciones económicas del TLC para el resto...

This paper tests a neo-Schumpeterian model with industry-level data to analyze how Brazil, India, and China are catching up with South Korea’s technological frontier in a globalized world. The paper validates Aghion et al.’s inverted-U hypothesis that industries that are closer to the...