Does financial development shield countries from the pass-through of financial shocks to real outcomes? We evaluate this question by characterising the probability density of expected GDP growth conditional on financial stability indicators in a panel of 28 countries. Our robust results unveil a...

This article aims to explore the interplay between financial stability, financial inclusion, and inclusive growth in 40 African countries during the period 2004-2020. It acknowledges that an unstable financial system has the potential to erode confidence and hinder the essence of financial...

The link between financial development and monetary policy has received considerable attention in many African countries but empirical evidence on the link has been mixed. By the use of the Autoregressive Distributed Lag (ARDL) approach, this study investigated whether financial development...

Between 2000 and 2013, Colombia experienced rapid economic growth. The country suffered a slowdown at the beginning of the period and during the international crisis of 2008, but during both slowdowns, the growth rate never turned negative. Most labour market indicators improved and followed the...

During the 2000s Bolivia experienced moderate economic growth and improved all labour market indicators. The economy suffered a slowdown as a consequence of the international crisis of 2008, but Bolivia sustained positive growth rates during that episode. The unemployment rate fell between 2000...

During the 2000s Mexico grew less than the average for Latin America. Labour market indicators exhibited mixed changes, with improvements over the period for some of them and deterioration for others. The country was severely hurt by the international crisis of 2008, but Mexico surpassed its...

During the 2000s, the Dominican Republic experienced above-average economic growth along with mixed results in labour market indicators. GDP per capita stagnated through 2004 and, for the most part, grew rapidly from 2005 through 2012. Comparing 2000 with 2012, many unfavourable developments...

In the 2000s, Costa Rica experienced moderate economic growth and a general improvement in labour market conditions. From 2000 to 2012, Costa Rica grew at the Latin American average. Most labour market indicators improved during 2001 - 09 and 2010 - 12 (the series with comparable data). However,...

During the 2000s Paraguay experienced slow economic growth but improved all labour market indicators. The growth process was erratic. Paraguay underwent a macroeconomic crisis at the beginning of the period, a recession as a consequence of the international crisis of 2008, and a local crisis in...