Ideas to action: independent research for global prosperity
Women's Underrepresentation in IFI Leadership
November 27, 2023
EU-Africa Strategy: State of Play
November 24, 2023
Identifying Macroeconomic Resilience to External Shocks in Emerging and Developing Countries: Lessons from the Global Shocks of 2020-2022
October 05, 2023
This paper uses a straightforward Resilience Indicator, constructed from a small set of economic and institutional variables, to show that by 2019, prior to the COVID-19 pandemic and subsequent global shocks, it was possible to identify emerging markets and developing countries that would encounter ...
Paraguay: Is Good Macro Policy Enough to Ensure Adequate Resilience to Adverse External Shocks? How Does It Compare to Other Emerging Markets? - Working Paper 477
March 15, 2018
This paper assesses the resilience of Paraguay’s economic and financial stability to external shocks and reaches two main conclusions.
An Index of Regulatory Practices for Financial Inclusion in Latin America: Enablers, Promoters, and Preventers - Working Paper 468
October 26, 2017
This paper constructs an index of regulatory quality for improving financial inclusion for the purpose of assessing and comparing the quality of rules and regulations in a sample of eight Latin American countries.
Expanding Global Liquidity Insurance: Myths and Realities of the IMF’s Precautionary Credit Lines - Working Paper 449
February 28, 2017
This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). These myths are 1) too stringent qualific...
Financial Inclusion in Latin America: Facts and Obstacles - Working Paper 439
October 18, 2016
In spite of recent progress in the usage of alternative financial services by adult populations, Latin America’s financial inclusion gaps have not reduced, relatively to comparable countries, and, in some cases, have even increased during the period 2011-2014. Institutional weaknesses play the...
Changes in Funding Patterns by Latin American Banking Systems: How Large? How Risky? - Working Paper 420
November 19, 2015
This paper investigates the shifts in Latin American banks’ funding patterns in the post-global financial crisis period. To this end, we introduce a new measure of exposure of local banking systems to international debt markets that we term: International Debt Issuances by Locally Supervised I...