Author/Editor: Sebastian Sosa, Gustavo Adler.

Release Date:December, 2011

Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global economic prospects have raised questions more...

Author/Editor: Mercedes Garcia-Escribano, Sebastian Sosa.

Release Date:January, 2011

In the last decade, a group of Latin American countries (Bolivia, Paraguay, Peru, and Uruguay) experienced a gradual, yet sustained decline in financial dollarization. This paper documents the more...

Author/Editor: Sebastian Sosa.

Release Date:March, 2010

This paper examines the role played by regional factors in Uruguay, identifies the sources and transmission mechanisms of shocks stemming from the region, and assesses how vulnerable Uruguay is to a more...

Author/Editor: Sebastian Sosa, Paul Cashin.

Release Date:July, 2009

This paper develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. It finds that external shocks play more...

Author/Editor: Sebastian Sosa.

Release Date:April, 2008

This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. more...

Author/Editor: Sebastian Sosa.

Release Date:January, 2006

Tax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new more...