Showing 1 - 10 of 15
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other...
Persistent link: https://www.econbiz.de/10013098574
Banks' liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stability, high systemic liquidity may nonetheless hinder monetary policy transmission and financial markets development. Using a panel of about 100...
Persistent link: https://www.econbiz.de/10013085995
This paper presents a structural model of crime and output. Individuals make an occupationalchoice between criminal and legal activities. The return to becoming a criminal isendogenously determined in a general equilibrium together with the level of crime andeconomic activity. I calibrate the...
Persistent link: https://www.econbiz.de/10012842207
This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital accumulation and TFP growth are accounting for most of this decline. Apart from...
Persistent link: https://www.econbiz.de/10012962139
Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is key to identifying vulnerabilities, particularly in emerging markets, which tend...
Persistent link: https://www.econbiz.de/10012889151
This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions during the 1990's and early 2000's. Their net income has improved since then owing...
Persistent link: https://www.econbiz.de/10013051916
This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in selected countries in Central America, including...
Persistent link: https://www.econbiz.de/10013250091
Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries...
Persistent link: https://www.econbiz.de/10013079881
The past several years of recession and slow recovery have raised much interest on the effect of fiscal stimulus on economic activity, even as high public debts in many countries would call for fiscal consolidation. To evaluate the delicate balance between stimulus and consolidation requires...
Persistent link: https://www.econbiz.de/10013080225
Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migration from and remittances to LAC, as well as their costs and benefits. For the...
Persistent link: https://www.econbiz.de/10012950408