This working paper empirically documents the size of (2) in the rural sector and investigates its consequences for rural development (agricultural growth, patterns of growth and rural poverty) for ten Latin American countries over 1985-2000. The paper provides econometric evidence suggesting...

The paper aims to communicate to the Latin American audience both factual evidence regarding the Asian experience, and the possible implications of this historical legacy for contemporary Latin American economic development strategies.

This paper tries to untangle the causes behind the recent real exchange rate overshooting events with particular attention paid to the Sudden Stop of capital flows, and also to the comparison across the two emerging markets, Asian and Latin America. We examine whether the sudden stop of capital...