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Blog Post
December 11, 2015
It is a major concern often heard from US border residents: how much might increasing drug cartel violence in Mexico “spill over” into the United States? It’s certainly true that illicit markets—in drugs, guns and people—have long flourished across the 2,000 mile fronti...
WORKING PAPERS
November 19, 2015
This paper investigates the shifts in Latin American banks’ funding patterns in the post-global financial crisis period. To this end, we introduce a new measure of exposure of local banking systems to international debt markets that we term: International Debt Issuances by Locally Supervised I...
Blog Post
November 17, 2015
The Latin American Shadow Regulatory Committee, known as CLAAF for its Spanish acronym, warns today in its biannual statement that despite positive policies and safeguards, the region is facing external and local risks that could affect its economic and financial outlook.
Blog Post
October 19, 2015
If you want a simple explanation of why climate change is a development issue, Juliana Santiago can provide it. The head of the Amazon Fund department at Brazil’s national development bank BNDES tells me “we identified that our economy was dependent on the maintenance of the forest,&rdqu...
WORKING PAPERS
August 21, 2015
This paper examines the redistributive impact of fiscal policy for Brazil, Chile, Colombia, Indonesia, Mexico, Peru and South Africa using comparable fiscal incidence analysis with data from around 2010. The largest redistributive effect is in South Africa and the smallest in Indonesia. While f...