In his seminal 1960 study on the dynamics of alternative exchange rate regimes, Robert Mundell proposed a theory of balance-of-payments crises in which speculators base their actions on the observed holdings of central bank foreign reserves. We examine the quantitative implications of this view...

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...

By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these economies to have greater room of manouvre in conducting...

This paper analyses regulations that support non-motorised mobility in Bogotá and Mexico City. It reviews the promotion of bicycles as a sustainable alternative to cars and the rapid implementation of cycling lanes as a substitute for public transport under the Covid-19 crisis. It also...

"Excellent set of studies by different authors on the origins, evolution, and prospects for the Group of Three, conformed by Colombia, Mexico, and Venezuela in 1989. Enlightening analysis of the factors that facilitate or obstruct cooperation among these countries and of the gradual...