The main objective of this Technical Note is to provide a simple framework to determine the short-term fiscal impact of the international financial crisis on Latin American and Caribbean (LAC) countries, i.e., fiscal financing needs/gap by country (or fiscal liquidity impact). In addition, it...

The main objective of this Technical Note is to provide a simple framework to determine the short-term fiscal impact of the international financial crisis on Latin American and Caribbean (LAC) countries, i.e., fiscal financing needs/gap by country (or fiscal liquidity impact). In addition, it...

Over the last decade, Chile has undertaken remarkable reforms and transferred publicly owned utilities to the private sector either by selling the assets or through concession agreements. Because of the reforms the country has been able to attract private participation in the provision of public...

The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Is it worthwhile to implement policies designed to increase competition in transport markets? Focusing on air transport, this paper quantifies the effects of liberalization of air...

This paper discusses the special features that distinguish transnational projects from usual public goods. In addition, the authors develop a theoretical framework for exploring the allocation and distributive consequences of this kind of transnational coordination. The paper also addresses...