Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the …

, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are … immediately after the exchange. We find average haircuts ranging from 13 percent (Uruguay external exchange) to 73 percent (2005 … Argentina exchange). We also find within-exchange variations in haircuts, depending on the instrument tendered. With exceptions …

(Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative size of dollarization, the …

behavior of depositors vis-à-vis foreign banks. We rely on data from the banking crises in Argentina and Uruguay over the …

implications for Paraguay's export revenues and fiscal position are potentially significant. The paper reviews the current energy …

Cover -- Contents -- Abstract -- I. Introduction -- II. Defining Informality -- III. Informality: Putting Paraguay on … the Map -- IV. Linkages with Growth, Inequality and Institutions -- V. Informality, Labor and Firms in Paraguay -- VI. The … year available) -- Figure 4. Size of the Informal Economy vs. Growth, Income and Institutions -- Figure 5. Paraguay …

Paraguay faces a trade-off between building fiscal credibility and amending the existing fiscal rule to accommodate … for Paraguay and present simulations of debt trajectories in each case, assuming a baseline and three deterministic shock … that potential modifications to make the fiscal rules more flexible in Paraguay should be accompanied by a number of …

This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and … is that the balanced budget multiplier for Paraguay id est the effect of on output of an increase in expenditures (in …

Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the … Mercosur region. To our knowledge, this is the first paper to apply the convergence methodology-which is common in the growth …