The recent financial crisis has forced a rethink of banking regulation and supervision and the role of financial innovation. This paper develops a model where prudent banks may signal their type through high capital ratios. Capital regulation may ensure separation in equilibrium, but deposit...

Revitalizing the Jamaican Economy: Policies for Sustained Growth aims to improve our understanding of the constraints to social and economic development in Jamaica. It also proposes practical solutions to overcome some of those problems. This book is a collection of studies commissioned by 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...

The paper summarizes the similarities and differences among Asian and Latin American countries, compares their macroeconomic performances before and after the crisis, and discusses crisis prevention and management. Lessons are drawn from both Asian-type and Latin-American-type currency crises.

This paper reviews some basic facts regarding Brazilian immigration and emigration, as well as looking at some policy and legal issues affecting migration management in Brazil. Based on this context, it addresses the issues required for the seminar.

Presented the first paper on review of the need for a general capital increase of the ordinary capital and replenishment of the fund for special operations.

This study focuses on the financial channels and institutions that determine the structure and cost of remittances between the US and the Dominican Republic, where commercial banks have yet to aggressively enter the remittance market.

The relative success of microfinance in rural credit programs in Latin America is the result of a decentralized development approach stressing a large microenterprise sector, stable and permanent institutions, an appropriate regulatory framework, and a stable economy as essential prerequisites

In this paper we argue that the main difference between the crises is their degree of anticipation. In particular the Asian crises was widely unanticipated, while the Argentinean and Brazil crises were anticipated.