The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...

This paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment...

This paper discusses a set of statistics for examining and comparing labor market dynamics based on the estimation of continuous time Markov transition processes. It then uses these to establish stylized facts about dynamic patterns of movement using panel data from Argentina, Brazil and Mexico....

Trade between the countries of the Andean Community (AC) and Mercosur showed a positive trend throughout the nineties, although it slowed down in the second half of the decade and beginning of this decade. It can also be seen that if trade flows between the AC and Mercosur are adjusted according...

Despite the decline in the discovery of new chemical entities for pharmaceutical use, there is a significant proliferation of patents on products and processes that cover minor, incremental innovations. A study conducted in five developing countries - Argentina, Brazil, Colombia, India and South...

Tax havens are among the biggest challenges faced by developing countries in achieving their national development goals. States, international organisations, multilateral agencies and non-governmental organisations have all made several efforts at compiling ‘lists’ of tax havens at the...

The transition to a market driven development strategy in Latin America for more than a decade has redefined business strategies and reshaped the state`s traditional role as guarantor of employment, stability, and protection. These changes, plus the move to create more flexible labor markets in...

Der "Tequila-Effekt" traf die beiden lateinamerikanischen Länder sehr ungleich. Während Argentinien bis heute unter den Folgen der Mexikokrise leidet, wurde die realwirtschaftliche Situation Brasiliens kaum tangiert. Als Ursache der unterschiedlichen Auswirkung des massiven Kapitalabzugs...

Mit der Unterzeichnung des Vertrages von Asunción im März 1991 legten die Präsidenten Argentiniens, Brasiliens, Paraguays und Uruguays den Grundstein für die Schaffung eines gemeinsamen Marktes des Südens. Dieses Wirtschaftsbündnis wird Mercosur genannt. Seit dem 1. Januar 1995 bilden die...