The tax deductibility of interest payments in most corporate income tax systems coupled with no such measure for equity financing creates economic distortions and exacerbates leverage. This paper discusses the consequences of this debt bias and the possible remedies.

Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...

After the 2007-2009 global financial crisis and previous financial crises in Latin America, the liquidity-risk exposure of banking systems is considered one of the most important vulnerabilities. At the same time, that exposure may also be the most mysterious of those vulnerabilities, as the...

The Research Department of the IDB (RES) performs innovative, comparative research on the development issues of greatest concern to the region today. It generates a wide variety of products based on this research and disseminates them to three principal audiences: the Bank, policymakers and the...

Two basic factors shape private sector development in Belize. First, the population is small - only 322,000 as of mid-2008. This limits the size of the domestic market and potential economies of scale. The economy was only US$1.3 billion in 2009 and diversification is limited. The economy...

This Financial Market Development Strategy (GN-1948-3) has been prepared to assist IDB staff in the process of supporting financial market development, as financial markets provide the appropriate environment for capital mobilization to profitable investment opportunities. The IDB must strive...

C'est le second de deux volumes qui composent le rapport annuel de la Banque interaméricaine de développement (BID). Ce volume contient la discussion et l'analyse de l'Administration: Capital ordinaire et les états financiers de la Banque pour 2008.

Para América Latina, China es un modelo posible de crecimiento, un mercado potencial y un competidor. El BID organizó un Grupo de Investigación compuesto por miembros de los departamentos de integración e investigación para estudiar los roles de esta poderosa economía emergente y para...

This Annual Report contains a brief summary of the economic situation of Latin America and the Caribbean and a review of the Bank's operations in 2007. In addition, the report contains a description of the Bank's operations (loans, guarantees and grants); Management's Discussion and Analysis:...

This document is a supplement to the brochure, Remittances in times of financial instability, and the map of remittances to Latin America and the Caribbean in 2008, produced by MIF. The document provides a short overview of significant trends affecting remittances and their impact on families,...