Ideas to Action:

Independent research for global prosperity

Publications

 

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December 14, 2018

Global and Local Challenges in Argentina and Brazil

The last presidential elections in Argentina (2015) and in Brazil (2018), represent a change from populism towards more orthodox economic policies in two important countries in the region. This shift is not only economic but also reflects other fundamental changes in the electorate, in particular the growing dissatisfaction of the population with issues such as weak security and growing corruption in political institutions.

Donald Trump speaking at 2017 CPAC conference. Photo by Gage Skidmore
July 10, 2018

Trump’s Protectionist Threat to Latin America

The economic impacts of Donald Trump’s trade dispute with China have so far been limited, but the countries of Latin America are nonetheless paying an early price. For a region where many economies are already constrained by weakened fiscal positions, the additional uncertainty caused by rising protectionism is especially unwelcome.

December 14, 2017

Towards the Argentine Presidency in the G20: What Macro-Financial Challenges Does the Region Face and What Are the Implications for the Debate?

After the slowdown of the Chinese economy and the sharp decrease in commodity prices, the Latin American macroeconomic outlook has worsened substantially in relation to the boom that occurred between 2003 and 2012, despite favorable external conditions characterized by significantly high liquidity in international capital markets and a strong economic recovery in developed nations.

April 4, 2017

Latin America´s Policy Options for Times of Protectionism

A rise in protectionism and increased external uncertainty may compound already existing domestic weaknesses. Latin America cannot run the risk of being unprepared for the significant potential direct and indirect effects of such a menace to its exports, capital inflows and growth.

Latin American Currency, Photo Credit: Alex Prolmos
January 30, 2017

Latin America in a New Global Political and Economic Scenario: What Does It Mean for the Region?

Since mid-2016, a new wave of political developments in advanced countries has been shaking Latin America. This latest assessment of the Latin American Committee on Financial Issues (CLAAF) examines how the anti-globalist movement sweeping the West will affect macroeconomic trends in Latin America.

October 20, 2016

Financial Inclusion in Latin America: Facts and Obstacles - Working Paper 439

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 most salient role through direct and indirect effects. Lack of enforcement of the rule of law directly reduces depositors’ incentives to entrust their funds to formal financial institutions. Indirectly, low institutional quality reinforces the adverse effects of insufficient bank competition on financial inclusion.

WP420 Cover
November 20, 2015

Changes in Funding Patterns by Latin American Banking Systems: How Large? How Risky? - Working Paper 420

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 Institutions. In contrast to well-known BIS measures, our new metric includes all entities that fall under the supervisory purview of the local authority.

June 11, 2012

Competitiveness in Central America: The Road to Sustained Growth and Poverty Reduction

In this report, senior fellow Liliana Rojas-Suarez and José Luis Guasch, senior regional advisor on regulation and competition at the World Bank, investigate what donors can do to help Central America secure sustained growth, alleviate poverty, and reduce inequality, and what the role is for the private sector. They focus their recommendations on five areas in which policy changes can make Central American economies more competitive.

José Luis Guasch , Liliana Rojas-Suarez and Veronica Gonzales

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