This paper discusses the conditions under which policy-based lending may further economic development within a Latin American and Caribbean context, given the current state of financial markets in most countries of the region. The discussion is intended as a conclusion to the articles presented...

The IDB's Integration & Trade Journal includes articles on the different aspects of integration in Latin America and the Caribbean, on hemispheric integration and, furthermore, on similar processes in other parts of the world. This issue contains the following articles: International Migration,...

This book contains a selection of the major presentations from the conference: "Policy-Based Finance and Alternatives for Financial Market Development" held in Rio de Janeiro, Brazil in early 1996. It explores the generally successful East Asian experiences with policy-based finance and...

This paper discusses the conditions under which policy-based lending may further economic development within a Latin American and Caribbean context, given the current state of financial markets in most countries of the region. The discussion is intended as a conclusion to the articles presented...

This book examines approaches to involving the private sector in preserving urban heritage. These include interventions by public and private stakeholders in Cartagena, Colombia; operation of a mixed-capital corporation in Quito, Ecuador; and a government-induced private investment program in...

This paper studies the effect of government-backed partial credit guarantees on firms' performance. These guarantees are automatically granted to firms without enough collateral in order to lift their credit constraints. We put together a panel, covering the period 1997-2007, that combines data...

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...

This paper presents a conceptual framework for explaining Credit Unions (CUs) loan delinquency and profitability in developing countries. It also offers an empirical estimation for a unique sample of CUs in Latin America.

This paper analyzes the effectiveness of public credit lines in promoting the performances of Brazilian firms. We focus on the impact of the credit lines managed by BNDES and FINEP in fostering growth measured in terms of employment, labor productivity and export. For this purpose, we use a...

Free Trade Agreements (FTA) attract significant interest, but after these treaties are signed not all exporters use them. We provide a model of heterogeneous utilization, also developing a novel method to estimate treaty-utilization costs. We later apply the model to estimate the evolution...