Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is...

After a growth recovery, with an expansion of 1.1 percent in 2017, the region has encountered somebumps in the road. The Latin America and the Caribbean (LAC) region is expected to grow at a modest rateof 0.6 percent in 2018 and 1.6 percent in 2019. This slowdown in the region's recovery is...

Climate change is an existential threat to the world economy, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign risks is...

Banking regulations (such as, risk-based capital framework and reserve requirements) have had the unintended consequence of incentivizing banks to hold more sovereign debt on their balance sheets than suggested by their strategic motives. As a result, bank stability now depends more heavily than...