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Credit Growth in Latin America; Financial Development or Credit Boom?
Hansen, Niels-Jakob Harbo; Sulla, Olga - International Monetary Fund (IMF) - 2013
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to …
Persistent link: https://www.econbiz.de/10011242382
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The Finance and Growth Nexus Re-Examined; Do All Countries Benefit Equally?
Barajas, Adolfo; Chami, Ralph; Yousefi, Reza - International Monetary Fund (IMF) - 2013
A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset...
Persistent link: https://www.econbiz.de/10011242300
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Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...
Persistent link: https://www.econbiz.de/10010790428
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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …
Persistent link: https://www.econbiz.de/10009618582
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What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador.
Nery Saca, Nolvia - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BRIEF REVIEW OF RESEARCH ON EL SALVADOR'S RECEIPTS OF REMITTANCES -- III. STYLIZED FACTS OF EL SALVADOR'S ECONOMY, 1995-2004 -- IV. MODEL SPECIFICATION AND DATA ISSUES -- V. EMPIRICAL EVIDENCE: TRANSMISSION MECHANISM -- VI. CONCLUSIONS AND ECONOMIC...
Persistent link: https://www.econbiz.de/10012691067
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Pension Privatization and Country Risk
Cuevas, Alfredo - 2008
pension liabilities during the reform's transition period, a pension privatization reform may transform IPD int …
Persistent link: https://www.econbiz.de/10012677645
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Tackling Private Over-Indebtedness in Asia : Economic and Legal Aspects
Garrido, Jose - 2020
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10014408871
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Foreign Direct Investment and Structural Reforms; Evidence From Eastern Europe and Latin America
Kinoshita, Yuko; Campos, Nauro F. - International Monetary Fund (IMF) - 2008
This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10005826274
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Recession and policy transmission to Latin American tourism : does expanded travel to Cuba offset crisis spillovers?
Romeu, Rafael; Wolfe, Andy - 2011
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10009487105
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Intra-regional spillovers in South America : is Brazil systemic after all?
Adler, Gustavo; Sosa, Sebastián - 2012
Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring economies, documenting trade linkages over the last two...
Persistent link: https://www.econbiz.de/10009618584