Search Results
Journal Article
A mixed blessing: oil and Latin American economies
Journal Article
The Latin American debt problem and U.S. agriculture
U.S. agriculture and Latin American countries share some important common ground -a steady stream of agricultural trade between the United States and Latin America. As U.S. agriculture emerges from its debt problem of the 1980s and the problem lingers on in Latin America, both economies stand to benefit from macroeconomic and trade policies that encourage global economic growth.
Journal Article
Brazil: shifting from vast bureaucracy to managerial state
Journal Article
Beyond the border : Latin American central banking
Working Paper
Corporate dollar debt and depreciations: much ado about nothing?
Much has been written recently about the problems for emerging markets that might result from a mismatch between foreign-currency denominated liabilities and assets (or income flows) denominated in local currency. In particular, several models, developed in the aftermath of financial crises of the late 1990s, suggest that the expansion in the "peso" value of "dollar" liabilities resulting from a devaluation could, via a net-worth effect, offset the expansionary competitiveness effect. Assessing which effect dominates, however, is ultimately an empirical matter. In this vein, we construct ...
Journal Article
Implications of the globalization of the banking sector: the Latin American experience
Foreign entry into domestic banking markets remains a contentious issue. Whether privatizing a state bank in Brazil or selling a failed bank in Japan, the proposed sale of a large domestic financial institution, possibly to a foreign acquirer, frequently results in a major controversy. Many Asian countries have yet to experience major foreign penetration of domestic banking markets, while Latin American countries have privatized many of their banks and have encouraged foreign banks to enter their domestic markets. ; Because many Latin American countries opened their markets during the 1990s, ...
Journal Article
Mercosur: back on track?