Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
At the beginning of the twentieth century Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the…
For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo that…
It is striking how often countries that are
rich with oil, minerals or fertile land have
failed to grow more rapidly than those without.…
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
Throughout, the history of the Latin America and Caribbean (LAC) region, natural resource wealth has been critical for its economies.…