Recent empirical and theoretical literature on the impact of real exchange rate devaluations on economic performance questions the traditional expansionary effect generated within standard Mundell-Fleming models. Contractionary devaluations may arise when firms face maturity or currency...

El propósito de este trabajo es diseñar un modelo macroeconómico para Guatemala, a los efectos de utilizarlo en las tareas de análisis llevadas a cabo por el Banco Interamericano de Desarrollo (BID). Con este objetivo en mente, el modelo reúne las cualidades de i) consistencia, ii) valor...

El propósito de este trabajo es diseñar un modelo macroeconómico para Costa Rica a los efectos de utilizarlo en las tareas de análisis llevadas a cabo por el Banco Interamericano de Desarrollo (BID). Con este objetivo en mente, el modelo reúne las cualidades de i) consistencia, ii) valor...

The goal of this paper is twofold. First, we assemble, for the first time, quantitative measures of the quality of the corporate governance and the ownership structure of 65 non-financial listed companies in Argentina with information for 2003-2004. A wide array of official and private sources...

'Investor Protection and Corporate Governance' analyzes the impact of corporate governance on firm performance and valuation. Using unique datasets gathered at the firm-level--the first such data in the region--and results from a homogeneous corporate governance questionnaire, the book examines...

This presentation presents an analysis of the Inter-American Development Bank's Liquidity Program for Growth Sustainability, which was launched in October of 2008 to provide liquidity to LAC countries hit by subprime crisis spillovers. It addresses the macroeconomic impact the program had on...

Presentación que aborda información sobre las características del mercado de crédito a la pequeña empresa en América Latina y el Caribe. Da a conocer la demanda potencial y demanda insatisfecha de crédito a pequeñas empresas, así como la realidad de las nuevas entidades en el mercado...

The goal of this paper is to conduct an empirical investigation on the macroeconomic determinants of research and development (R&D) expenditures and to assess the role of government in the light of recent developments brought about by the endogenous growth theory. The sample comprises 88...

Credit supplied by the banking sector is the most important funding source for firms and households in Latin America and the Caribbean. Unfortunately, credit is scarce, costly and volatile. Without deep and stable credit markets, the region will be hard pressed to achieve high and sustainable...