La gran afluencia de capital hacia algunos paises de America Latina a partir de 1990 constituye una ventaja a medias: Hace mas dificil conciliar la desinflacion en el pais con la competitividad externa. En gran parte, las corrientes de capital involucradas parecen ser temporales mas que...

When the OECD Development Centre launched research in 2005 to document the economic, political and social impacts of China's and India's economic growth on sub-Saharan African (SSA) countries, the arrival (or resurgence) of new important players had triggered concerns among traditional donors....

The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning...