This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy recommendations for achieving stability despite volatile capital flows. The authors review recent experience with...

Credit supplied by the banking sector is the most important funding source for firms and households in Latin America and the Caribbean. Unfortunately, credit is scarce, costly and volatile. Without deep and stable credit markets, the region will be hard pressed to achieve high and sustainable...

La evolución macroeconómica uruguaya en los últimos quince años ha sido satisfactoria, tomando como referencia el desempeño que había caracterizado a este país desde mediados de los cincuenta. El crecimiento económico ha sido sostenido desde que Uruguay salió de la crisis cambiaria y...

This paper is part of the project "Explaining Economic Growth Performance" launched by the Global Development Network (GDN). The purpose of this project is to explain economic growth performances across seven regions. During the last five decades the Uruguayan economy faced volatile...

This paper is part of the project "Explaining Economic Growth Performance" launched by the Global Development Network (GDN). The purpose of this project is to explain economic growth performances across seven regions. During the last five decades the Uruguayan economy faced volatile...