Although since 1974, under pressure of the new trends in the world economy, public financing began gradually to lose its relative importance for Latin American countries, there seems to persist an obvious demand for bodies such as the Inter-American Development Bank. In the author's view, the...

This study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments' inability or unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public finances due to large domestic debts and...