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This publication argues that the agenda for international financial reform must be broadened in at least two senses. First of all, it should go beyond the issues of financial prevention and resolution...

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 report is a study of Brazil’s derivatives markets. It examines their important role in the economy, and their role in monetary policy making by the Brazilian Central Bank (BCB). The first part of...

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...

Foreign debt has been the focus of much attention and contention over the years. The debt 'hangover' of many developing countries and particularly of the heavily indebted poor countries has not been...

This publication reviews the current controversy on the reform of the international financial architecture. It discusses essential propositions for a relevant reform, areas of growing consensus and...

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...