This presentation provides a summary of the mission and lending portfolios of key development institutions in the Latin American and Caribbean region, including the Andean Finance Corporation (CAF), Central American Bank for Economic Integration (CABEI), Financial Fund for the Development of the...

El objetivo de este trabajo es someter la ecuación fundamental del modelo dinámico simple de equilibrio general a una prueba empírica usando información anual de la economía chilena y obtener estimaciones de dos parámetros estructurales: el coeficiente de aversión relativa al riesgo y la...

This paper examines the agency problems that arise when a Central Bank rescues a failing bank. Specifically, the objectives of this paper are to determine: (1) the agency problems that derive from the mechanism of the purchase of risky loans and (2) the response of the banks to the incentives...

This paper reviews the solutions to the Chilean banking crisis of the 1980s and analyzes their effects on banks, deriving policy lessons from this analysis. This paper also estimates the cost of the rescue of each institution. The three main solutions to the crisis were the following: (i)...