The recent global financial crisis has put the spotlight on macro-prudential policies to protect firms and households from problems emanating from the financial sector. This paper proposes an analytical framework that combines exogenous and endogenous risks, the latter seen as stemming from...

The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial...

This paper surveys climate change funds related to LAC countries and attempts to derive some implications through performance analyses of these funds. The performance analyses show that the following matters should be addressed: increases in participation of the IDB as an agent in the projects...

Mobilizing sufficient resources is essential for supporting environmental activities in developing countries, and cofinancing is generally considered an important tool to help developing countries increase the resources they need. Moreover, cofinancing should increase ownership of projects by...

Though the need to scale up financing to mitigate climate change and the associated challenges and barriers are well documented, there has been little discussion of the role that can be played by Public Development Banks (PDBs), either national or subnational. These institutions have a...

Este trabajo estima el impacto del acceso a ciertos servicios financieros (descuento de facturas, órdenes de compra, garantías de participación y cumplimiento) en el desempeño de un grupo de micro, pequeñas y medianas empresas (MiPyME) clientes de una entidad de microfinanzas que opera en...

El sistema financiero de Honduras sufrió el impacto de la crisis financiera de 2009 con un deterioro de los indicadores de calidad de activos y de rentabilidad, que posteriormente experimentaron una recuperación en 2010. En el último año se ha podido notar una preferencia de los agentes por...

Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway....

Desde principios de la década pasada, los gobiernos de la región han mostrado un renovado interés en las instituciones financieras de desarrollo (IFD) como un instrumento de apoyo para lograr una mayor penetración financiera y cumplir distintos objetivos de desarrollo. Su relevancia creció...

Although financial development is good for long-term growth, not all countries pursue policies that render full financial development. This paper builds on an extensive political economy literature to construct a theoretical model showing that the intensity of opposition to financial development...