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This paper uses standard fiscal incidence analysis to study how much income redistribution and poverty reduction are accomplished through the fiscal system in eighteen Latin American and Caribbean (LAC) countries. We show there is considerable heterogeneity in the income inequality and...
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We assess the non-contributory cash transfer systems in 17 Latin American and Caribbean countries to identify factors that keep them from reducing poverty and inequality. To perform this assessment, we analyze three dimensions of size (number of beneficiaries, size of transfer per beneficiary,...
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change. It is in this context that microfinance merits a closer look. This paper offers the first empirical assessment of the … linkages between microfinance supported activities and adaptation to climate change. Specifically, the lending portfolios of … the 22 leading microfinance institutions in two climate vulnerable countries – Bangladesh and Nepal - are analysed to …
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This paper studies the role of global and regional variations in economic activity and policy in developed world in driving portfolio capital flows (PCF) to emerging markets (EMs) in a Factor Augmented Vector Autoregressive (FAVAR) framework. Results suggest that PCFs to EMs depend mainly on...
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