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Central banking in Latin America : from the gold standard to the golden years

Jácome, Luis Ignacio - 2015

This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks...

Persistent link: https://www.econbiz.de/10011281946

Transmission of Financial Stress in Europe : The Pivotal Role of Italy and Spain, but not Greece

González Hermosillo, Brenda - 2014

Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …’s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …

Persistent link: https://www.econbiz.de/10014411217

Transmission of financial stress in Europe : the pivotal role of Italy and Spain, but not Greece

González Hermosillo, Brenda; Johnson, Christian - 2014

Persistent link: https://www.econbiz.de/10010388660

CDS spreads in European periphery : some technical issues to consider

Bilal, Mohsan; Kumar, Manmohan S. - 2012

Persistent link: https://www.econbiz.de/10009572399

International Environmental Taxation in the Absence of Sovereignty

Herber, Bernard P. - 1992

Traditional public finance theory may be applied to the internalization of international environmental externalities. The policy constraint imposed by the absence of sovereign international government may be partially overcome through international environmental agreements. Instruments such as...

Persistent link: https://www.econbiz.de/10014395903

International Financial Integration, Sovereignty, and Constraintson Macroeconomic Policies

Kletzer, Kenneth - 2006

This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...

Persistent link: https://www.econbiz.de/10014401979

Exchange Rate Choices of Microstates

Imam, Patrick - 2010

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ability to better accommodate local preferences combined with a more integrated...

Persistent link: https://www.econbiz.de/10014404322

Colonial Origins, Institutions and Economic Performance in the Caribbean : Guyana and Barbados

DaCosta, Michael - 2007

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Persistent link: https://www.econbiz.de/10014400724

Instruments of debtstruction : a new database of interwar debt

End, Nicolas; Marinkov, Marina; Miryugin, Fedor - 2019

We construct a new, comprehensive instrument-level database of sovereign debt for 18 advanced and emerging countries over the period 1913-46. The database contains data on amounts outstanding for some 3,800 individual debt instruments as well as associated qualitative information, including...

Persistent link: https://www.econbiz.de/10012122695

Fiscal Policy in Latin America over the Cycle

Klemm, Alexander - 2014

This paper provides an analysis of the cyclical stance of fiscal policy in Latin America. Its contributions include developing a new measure of the cyclicality of fiscal policy, careful analysis of the statistical significance of results, and accounting for the effect of commodity prices on...

Persistent link: https://www.econbiz.de/10014411248