Showing 11 - 20 of 82
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...
Persistent link: https://www.econbiz.de/10009386053
Este trabajo analiza el desempeño fiscal de Bolivia a la luz de la expansión y posterior contracción de los precios internacionales de los hidrocarburos entre 2005 y 2009. Se evalúa dicho desempeño desde el punto de vista de la posición estructural de la economía, es decir, descontando...
Persistent link: https://www.econbiz.de/10010654050
Los impuestos a la nómina junto con los salarios mínimos han producido un notable encarecimiento de los costos laborales en América Latina desde los noventa. Puesto que, simultáneamente, las tasas de tributación de las empresas se han reducido, esta nota analiza si, como resultado, hay un...
Persistent link: https://www.econbiz.de/10010667913
used to proxy for the de facto integration of the average bank in a country. The paper fits a count data model in the cross …-section for the period 1980- 2007 and finds that the level of integration of the average bank is a robust determinant of the … of integration as measured by betweenness of the average bank has a negative effect on the incidence of crises. That is …
Persistent link: https://www.econbiz.de/10010617880
This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether this is necessarily through a lending boom mechanism. A fixed effects regression analysis indicates that a baseline bonanza, identified as a surge of one standard deviation...
Persistent link: https://www.econbiz.de/10010555799
This paper analyzes capital inflow surges in emerging economies from 1980 to 2005. Estimated probit models are used, which discriminate well between surges associated with banking crises or recessions, and those surges that end without such events. The results indicate that the composition of...
Persistent link: https://www.econbiz.de/10010555801
Europe faces challenges reminiscent of Latin American financial crises. The failure of recent liquidity support to normalize the situation in Europe suggests the need to refocus the policy debate on fundamentals: structural reform for growth and, where needed, restructuring to resolve banking...
Persistent link: https://www.econbiz.de/10010579073
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
Even as Trinidad and Tobago seeks productive diversification away from the energy sector, the process underlying the …
Persistent link: https://www.econbiz.de/10008554067