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Living with Debt: How to Limit the Risks of Sovereign Finance Title: Vivir con deuda: Cómo contener los riesgos del endeudamiento público Title: Viver com dívida: Como limitar os r...

Powell, Andrew; Izquierdo, Alejandro; Yeyati, Eduardo Levy - Inter-American Development Bank

The 2007 Report on Economic and Social Progress in Latin America analyzes the nature and evolution of sovereign debt in Latin America and discusses the policies that can be followed by countries and international financial institutions (IFIs) to reduce the vulnerabilities associated with it....

Persistent link: https://www.econbiz.de/10010943404

Unlocking Credit: The Quest for Deep and Stable Bank Lending Title: Desencadenar el crédito: Cómo ampliar y estabilizar la banca

Galindo, Arturo José; Izquierdo, Alejandro; Powell, Andrew - Inter-American Development Bank

to growth and prosperity, the Inter-American Development Bank has made this sector the focus of its 2005 Report on … Economic and Social Progress in Latin America. The Report analyzes the three main characteristics of bank credit …

Persistent link: https://www.econbiz.de/10010943515

Should the Government Be in the Banking Business?: The Role of State-Owned and Development Banks

Yeyati, Eduardo Levy; Micco, Alejandro; Panizza, Ugo - Inter-American Development Bank - 2004

This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...

Persistent link: https://www.econbiz.de/10010943739

The Elusive Costs of Sovereign Defaults

Panizza, Ugo; Yeyati, Eduardo Levy - Inter-American Development Bank - 2006

Few would dispute that sovereign defaults entail significant economic costs, including, most notably, important output losses. However, most of the evidence supporting this conventional wisdom, based on annual observations, suffers from serious measurement and identification problems. To address...

Persistent link: https://www.econbiz.de/10010943982

Global Factors and Emerging Market Spreads

Rozada, Martín González; Yeyati, Eduardo Levy - Inter-American Development Bank - 2006

This paper shows that a large fraction of the variability of emerging market bond spreads is explained by the evolution of global factors such as risk appetite (as reflected in the spread of high yield corporate bonds in developed markets), global liquidity (measured by the international...

Persistent link: https://www.econbiz.de/10010944191

Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk

Yeyati, Eduardo Levy; Micco, Alejandro - Inter-American Development Bank - 2003

stability of the system as a whole. Exploiting a rich bank-level balance sheet database for eight Latin American countries, we … examine the evolution of concentration and foreign penetration indicators and their impact on competition and risk. We find … that, while concentration did not reduce competition in the industry, foreign penetration appears to have led to less …

Persistent link: https://www.econbiz.de/10010944583

Living with Debt: How to Limit the Risks of Sovereign Finance Title: Vivir con deuda: Cómo contener los riesgos del endeudamiento público Title: Viver com dívida: Como limitar os r...

Yeyati, Eduardo Levy; Borensztein, Eduardo; Panizza, Ugo; … - Inter-American Development Bank

Persistent link: https://www.econbiz.de/10010895455

Unlocking Credit: The Quest for Deep and Stable Bank Lending Title: Desencadenar el crédito: Cómo ampliar y estabilizar la banca

Kiguel, Miguel A.; Yeyati, Eduardo Levy; Galindo, Arturo; … - Inter-American Development Bank

Persistent link: https://www.econbiz.de/10010895478