This paper documents recent trends of the labor supply in the Dominican Republic, and inquire about factor explaining its behavior. Entails an empirical analysis of labor supply phenomena both from a point of view of participation rate and the hours dedicated to labor market. Using information...

In this paper I analyze the dynamics of wage inequality in the Dominican Republic for the period 2000-2011. The analysis focuses on the evolution of wage inequality and the causal factors behind this phenomena. Using quantile regressions and data from the National Survey of Labour Force, several...

The paper investigates Okun’s Law for the Dominican Republic during the second part of the twentieth century and the first decade of the twenty first. The econometric modelling estimates an Okun coefficient implying that, on average, for every 1 percent growth in real output the unemployment...

This paper investigates banking system instability vis-à-vis the day-to-day interbank market and monetary policy effectiveness in the Dominican Republic. The analysis reveals a negative relationship among excess banking system reserves and the interbank interest rate, and shows that in crisis...

Central America's economic performance in recent years has benefited from improved macroeconomic management, a favorable external environment, as well as rising investor confidence since the region has pursued greater access to global markets, particularly with the signing of DR-CAFTA in 2004....

In this document takes place an analysis on the main rural development tendencies in the Central American and Andean countries. Also, it presents a synthesis of the main academic and political debates related to the policies and strategies of rural development impelled in these sub regions. The...

Major pharmaceutical companies such as Smith Kline Beecham, Merck, Glaxo and Lilly, and a score of smaller ones, are developing profitable business opportunities in the world's forest while preserving biodiversity and producing incentives for leaving the forests intact. This case study covers...

This paper shows that a Nash equilibrium consisting of strategies of choosing a Pareto inefficient transition path is selected by households even without frictions as a result of the revealed government failure in supervision of financial markets. The Pareto inefficiency causes the generation of...

This paper addresses an important contemporary issue; namely the implementation of the Basel Accord worldwide. The Basel Accord provides a series of measures to improve the stability of the world’s financial system but its implementation poses a number of challenges for both developing and...

Banks use internal models to optimize risk weights and better account for the specific risk of each asset class. As the choice of a set of risk weights directly amounts to affecting the regulatory capital ratio, economic theory suggests that banks should optimize their risk weights also with...