El presente trabajo tiene como propósito presentar los principales resultados del análisis de la relación entre la existencia de mecanismos organizacionales tendientes a promover la transparencia y rendición de cuentas en los hospitales públicos de Costa Rica y el nivel de corrupción...

The main objective of the Joint Country Financial Accountability Assessment (CFAA) and the Country Procurement Assessment (CPAR) is to contribute to the implementation of Public Sector Modernization Vision and Strategy for 2002-2012 and its Medium Term Socio-Economic Policy Framework. It also...

The main objective of the Joint Country Financial Accountability Assessment (CFAA) and the Country Procurement Assessment (CPAR) is to contribute to the implementation of Public Sector Modernization Vision and Strategy for 2002-2012 and its Medium Term Socio-Economic Policy Framework. It also...

Abundant empirical evidence links well-functioning institutions and good governance to better economic and social outcomes. It is thus an important challenge to determine which conjunction of factors produces better institutions. Along this line, the objective of this paper is twofold. First, it...

This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. These macroeconomic causes of bank vulnerability and crisis have important implications for regulatory regimes, and for macroeconomic policy itself. Much of the...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belizes public finance to the occurrence of hurricanes and...

This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector's size is negatively related to institutional quality and positively related to income inequality. These predictions are then...

This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation,...

Drawing on previously unused objective institutional data, we provide evidence for the causal link between rent-seeking behavior and democracy in Uruguay, a country where both rent-seeking behavior and political shifts have varied widely in the last 80 years, but where ethnolinguistic...