Have the economies of Latin America become less volatile as a result of the economic stabilization and structural reforms implemented during the past decade? The answer is a qualified "yes". The reforms have helped, but more needs to be done to ensure the macroeconomic stability required for...

The Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings rates. On the other hand, the Mexican government, the proprietor of the state oil company and the...

En el presente articulo el autor, funcionario del Banco Interamericano de Desarrollo, recurre a datos estadisticos sobre el desarrollo de las economias regionales para sustentar su tesis central acerca de la dimension institucional del problema de la volatilidad macroeconomica en America Latina....