This article investigates the connection between the apparently uncorrelated issues of tax evasion and privatisation. We first determine how the political process - given a country's level of development and income distribution - will determine the efficiency of its tax system. We then regard...

This article investigates the connection between the apparently uncorrelated issues of tax evasion and privatisation in a political economy framework. We first consider how the political process – given a country's level of development and income distribution – will affect the efficiency of...

Argentina is a unique experience of protracted economic instability and monetary disorder. In the framework of a long-term view, we investigate the demand for narrow money in Argentina from 1900 to 2006, shedding some light on the existence of money demand equilibria in extremely turbulent...

This paper analyzes the risk taking of branches and subsidiaries of international bank holding institutions from the perspective of host country regulators in two Latin American financial systems: Argentina and Uruguay. Using both theory and empirics, we analyze differences in the risk attitudes...

This paper was prepared within the framework of "Deeper Integration of MERCOSUR: Dealing with Disparities", a joint initiative between the Integration and Regional Programs Department and the Operations Department 1 of the Inter-American Development Bank. Given the relatively lower political...

[eng] Massive privatisation and macroeconomics : a theoretical model of a small open economy. . Most of the theoretical research on privatisation analyses the microeconomic-efficiency aspects of public sector divestitures. However, mass privatisation calls for the study of the macroeconomic...