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This report starts with a short historical background, which describes the ascendancy of macroeconomic policies over social development policies. It continues with an evaluation of the relation...

This paper looks at the role of developing countries’ domestic policies in managing externally generated boom-bust cycles. It draws upon an extensive list of recent literature on the subject and upon...

This paper seeks to provide a systematic framework for the main ideas that have been developed by ECLAC concerning the effects that market-led reforms have had on labor, financial and technology...

This paper explores the complementary use of capital account regulations, and counter-cyclical prudential regulation of domestic financial intermediaries. It explains how these two finance policy...

This report examines the factors that have affected the flow of capital from developed countries to the emerging economies of Latin America and Asia, in recent years. It is divided into three parts...

This paper looks at the evolution of the terms of trade in commodities for the twentieth century. A statistical analysis of the relative price series for 24 commodities and of eight indices reveals a...

This paper examines changes in the regulation and supervision of the Latin American financial sector in the aftermath of the Tequila Crisis of 1994-1995. It also explains the importance of good...

This paper examines the foreign exchange systems adopted by Argentina, Chile and Mexico during the Asian crisis, a time when intermediate exchange rate regimes proved to be ineffective and ceased to...

This studyaddresses the currency risk management of multinational companies with investments in Latin American countries. It focuses on periods of currency or financial shocks, paying special...