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 segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic...
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging ec...
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 segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic...
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging ec...
Until recently, students of development have put much more energy into understanding the causes and consequences of absolute poverty than of inequality. But globalization --with its new opportunities for winners and losers, and its new insecurities and competitive pressures --is changing that. Nowhere is the issue of inequality more worrying than in Latin America, the setting for many of the world's most unequal societies. This book presents a dozen ideas or "tools" meant to make life in Latin America more equitable and fair for the great majority of its people. It suggests policies and...
Until recently, students of development have put much more energy into understanding the causes and consequences of absolute poverty than of inequa...
Existe un consenso creciente en la comunidad cientifica de que el calentamiento global es una amenaza real y presente. Aunque aun hay una gran incertidumbre sobre la velocidad, magnitud e inclusive sobre la direccion de los cambios climaticos futuros, hay evidencias de que sus impactos fisicos y economicos seran regionalmente diferenciados. Se sabe ademas que los paises en desarrollo y las poblaciones de menores niveles de ingresos presentan un mayor grado de vulnerabilidad. Por estas razones, es fundamental que los paises de America Latina desarrollen sus propias estrategias de adaptacion y...
Existe un consenso creciente en la comunidad cientifica de que el calentamiento global es una amenaza real y presente. Aunque aun hay una gran incerti...
This book, the companion volume to 'Low Carbon, High Growth: Latin American Responses to Climate Change', examines some of the major threats posed by climate change to the region s economies, societies, and biodiversity. It describes the patterns of greenhouse gas emissions in the Latin America and Caribbean region and in specific countries, finding that the future trajectory could be increases in emissions relative to other regions. 'Low-Carbon Development' explains why it is in the region s best interest to participate actively in global efforts to reduce emissions and what type of global...
This book, the companion volume to 'Low Carbon, High Growth: Latin American Responses to Climate Change', examines some of the major threats posed by ...
During the 1980s and 1990s, financial sectors were the Achilles heel of economic development in Latin America and the Caribbean (LAC). Since then, these sectors have grown and deepened, becoming more integrated and competitive, with new actors, markets, and instruments springing up and financial inclusion broadening. To crown these achievements, the region s financial systems were left largely unscathed by the global financial crisis of 2008 09. Now that the successes of LAC s macrofinancial stability are widely recognized and tested, it is high time for an in-depth stocktaking of what...
During the 1980s and 1990s, financial sectors were the Achilles heel of economic development in Latin America and the Caribbean (LAC). Since then, the...
Este reporte explora la restructuracion de la economia global ocasionada por el ascenso del Sur y destaca la transformacion en los patrones de integracion global de ALC y las consecuencias de esta transformacion en la dinamica del desarrollo de la region. En particular, se analiza de forma sistematica los aspectos concernientes al comercio y las finanzas internacionales, la macroeconomia y el mercado laboral latinoamericano."
Este reporte explora la restructuracion de la economia global ocasionada por el ascenso del Sur y destaca la transformacion en los patrones de integra...
