Conditional Cash Transfer (CCT) programs aim to reduce poverty by making welfare programs conditional upon the receivers' actions. That is, the government only transfers the money to persons who meet certain criteria. These criteria may include enrolling children into public schools, getting...

This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...

This paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African...

This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional investors transit shocks to the rest of the financial sector and economy. The crisis has re-ignited the...

This book contains the papers of the first ten holders of the 'Prince Claus Chair' in 'development and equity', presented at a conference in November 2012, and three prize-winning essays written by Master's students at Dutch universities on the same theme

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and...

Latin America is set to play an important role in the global economy; yet international research communities lack a systematic understanding of Latin American accounting issues. We aim with this volume to offer external audiences a sample of research conducted in Latin America to further...

Intro -- CONTENTS -- FOREWORD -- FROM IN DEFENSE OF THE WORD -- ACKNOWLEDGEMENT -- INTRODUCTION: 120 MILLION CHILDREN IN THE EYE OF THE HURRICANE -- PART I: MANKIND'S POVERTY AS A CONSEQUENCE OF THE WEALTH OF THE LAND -- 1. LUST FOR GOLD, LUST FOR SILVER -- 2. KING SUGAR AND OTHER AGRICULTURAL...