In this paper we argue that the main difference between the crises is their degree of anticipation. In particular the Asian crises was widely unanticipated, while the Argentinean and Brazil crises were anticipated.

Revitalizing the Jamaican Economy: Policies for Sustained Growth aims to improve our understanding of the constraints to social and economic development in Jamaica. It also proposes practical solutions to overcome some of those problems. This book is a collection of studies commissioned by the...

Revitalizing the Jamaican Economy: Policies for Sustained Growth aims to improve our understanding of the constraints to social and economic development in Jamaica. It also proposes practical solutions to overcome some of those problems. This book is a collection of studies commissioned by the...

We begin with a brief overview of Chilean firms responses to the globalization pressures originated by the economic liberalization in Chile since 1975 and in the rest of Latin America since 1985. One of these responses was the rise of Chilean outbound foreign direct investments across Latin...

This document is a supplement to the brochure, Remittances in times of financial instability, and the map of remittances to Latin America and the Caribbean in 2008, produced by MIF. The document provides a short overview of significant trends affecting remittances and their impact on families,...

This paper analyzes capital inflow surges in emerging economies from 1980 to 2005. Estimated probit models are used, which discriminate well between surges associated with banking crises or recessions, and those surges that end without such events. The results indicate that the composition of...

After the 2007-2009 global financial crisis and previous financial crises in Latin America, the liquidity-risk exposure of banking systems is considered one of the most important vulnerabilities. At the same time, that exposure may also be the most mysterious of those vulnerabilities, as the...