Spanish Abstract: En el Ecuador al igual que en la mayoría de países de Latinoamérica la concentración del ingreso y la riqueza es un fenómeno recurrente que frecuentemente ha venido acompañado de medidas de política económica orientadas a favorecer a determinados grupos minoritarios que...

This paper analyses the determinants of private credit and its link with monetary policy, for the economies of Central America and the Dominican Republic (CADR), during the period 2006 - 2017. Using disequilibrium models, we estimate supply and demand functions in order to characterize episodes...

The main objective is to identify the long-run determinants of the demand for money in Venezuela. A dynamic estimation is made, using monthly data spanning the period 1986-2007. Not knowing a priori which variables are endogenous or exogenous allow us to assume a vector autoregression (VAR)...

The paper is based on the multiple purpose household survey to estimate a variable of average population income that expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit / GDP ratio was used on the assumption that the...

El uso de políticas macroprudenciales en los últimos años cobro relevancia en diferentes economías. A consecuencia de la crisis financiera de 2008, este instrumento fue de utilidad en economías emergentes para disminuir los efectos del adverso contexto internacional. La relación entre la...

El marco de la política monetaria de muchos países se desarrolla bajo un esquema de metas de inflación (Inflation Targeting Framework), lo cual plantea que un banco central fija la tasa de interés. La conocida Regla de Taylor, es la regla de política monetaria aplicado en la evidencia...

This study investigates the determinants of private credit in the Dominican Republic for the period 1997 to 2011. Using a disequilibrium model as in Gosh and Gosh (1999), the demand and supply functions of credit to private sector are estimated, and these results are used to analyzeepisodes of...

The objective of this paper is to analyse the quasi-fiscal deficit of the Central Bank of the Dominican Republic, seeing the importance of certificate placements and the accumulation of international reserves on the quasi-fiscal deficit and the implications of said deficit for economic policy....

This paper analyzes and compares the prior and subsequent performance that the banking and monetary regulation had in Peru against external shocks caused by the international financial crises of 1997 and 2007, where only the first one triggered a banking crisis, although the stronger external...

Credit boom, defined as an excess of lending above its long-run trend, is an important financial phenomenon to be considered when designing a set of early warning systems indicators to detect financial crisis in order either to avoid it or to lessen its impact. This paper presents an analysis of...