La idea de que una inseguridad economica generalizada amenaza el respaldo politico a las reformas en curso orientadas al mercado ha pasado a ser una de las mas escuchadas en los debates actuales latinoamericanos. El autor sostiene que en America Latina la inseguridad economica es multifacetica y...

"Ratios of public debt as a share of GDP in Brazil, Colombia, and Mexico were 10 percentage points higher on average during 1996-2002 than in the period 1990-1995. Costa Rica's debt ratio remained stable but at a high level near 50 percent. Is there reason to be concerned for the solvency of the...

The current global financial "non-system" is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional...