New financing trends in Latin America

New financing trends in Latin America: a bumpy road towards stability, February 2008

Papers in this volume were prepared for a meeting organised by the BIS and the Federal Reserve Bank (FRB) of Atlanta in Mexico City in May 2007. The views expressed are those of the authors and do not necessarily reflect the views of the BIS or the institutions represented at the meeting. Individual papers (or excerpts thereof) may be reproduced or translated with the authorisation of the autho...

Trends and Policy Trade-offs of Capital Flows in Latin America and the Caribbean: 2003-2008

This paper reviews trends in capital flows in Latin America and the Caribbean between 2003 and mid-2008 and its implications for monetary policy and financial stability. The financing structure that emerged during this period was more benign than in the past, due to a greater share of foreign direct investment and reduced reliance on foreign financing. Although traditional monetary policy trade...

Income Convergence toward USA: New Evidences for Latin and South American Countries

Abstract In this paper we test two versions of convergence hypothesis namely deterministic or conditional convergence and stochastic or catching up hypothesis using Carrion-i-Silvestre et al. (2005) stationary test. The results show Latin and South American countries (LSA) catching up process toward the USA failed in 1980s and somewhat in 1990s. But in 2000s most of them could lie in converge...

Ethnobotany and biodiversity conservation-holistic approaches from Eastern Africa and Latin America

Scientists widely agree that species extinction has heavily accelerated in the last decades. A grave problem for the conservation of diversity is the still very fragmentary knowledge of the ecology of most species. Attempts of sustainable management and conservation must integrate local communities and their traditional knowledge. Management decisions need to include the high importance of natu...

Financing and Management of Education in Latin America and the Caribbean. Preliminary Version