The initial stages of exchange rate-based stabilizations have been generally characterized by a consumption boom, a deterioration of the trade balance and the current account, and an appreciation of the real exchange rate. It is only at the later stages that the economy falls into recession. Tax...

Information and communication technologies (ICT)--cell phones, computers, Internet--hold great promise but greater access alone cannot bring about economic development. This is a major finding of the IDB`s latest edition of its flagship Development in the Americas series titled Development...

This paper considers the main institutional features of the Uruguayan labor market and its recent evolution, with a focus on unemployment. The main policies aimed at protecting workers against unemployment are analyzed. Using administrative data from social security records, the paper studies...