 | International Financial Integration and Funding Risks: Bank-Level Evidence from Latin America Author/Editor: Luis Catão, Valeriya Dinger, Daniel Marcel te Kaat. Release Date:October, 2017 Using a sample of over 700 banks in Latin America, we show that international financial liberalization lowers bank capital ratios and increases the shares of short-term funding. Following more...
| Price: $18.00
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| Financial De-Dollarization : A Global Perspective and the Peruvian Experience Author/Editor: Luis Catão, Marco Terrones. Release Date:April, 2016 We re-appraise the cross-country evidence on the dollarization of financial systems in emerging market economies. Amidst striking heterogeneity of patterns across regions, we identify a broad global more...
| Price: $18.00
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| World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy Author/Editor: Luis Catão, Roberto Chang. Release Date:May, 2013 How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than more...
| Price: $18.00
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| External Liabilities and Crises Author/Editor: Luis Catão, Gian-Maria Milesi-Ferretti. Release Date:May, 2013 We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we more...
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| World Food Prices and Monetary Policy Author/Editor: Roberto Chang, Luis Catão. Release Date:July, 2010 The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such imported price shocks. We examine this issue more...
| Price: $18.00
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| Persistent Gaps, Volatility Types, and Default Traps Author/Editor: Ana Fostel, Sandeep Kapur, Luis Catão. Release Date:June, 2007 We show that cross-country differences in the underlying volatility and persistence of macroeconomic shocks help explain two historical regularities in sovereign borrowing: the existence of vicious more...
| Price: $18.00
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| Sudden Stops and Currency Drops : A Historical Look Author/Editor: Luis Catão. Release Date:May, 2006 This paper shows that recent manifestations of sudden stops (SSs) in international capital flows have striking parallels in the early financial globalization era preceding World War I. All main more...
| Price: $15.00
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| Perspectiveson Low Global Interest Rates Author/Editor: Luis Catão, George A Mackenzie. Release Date:March, 2006 This paper looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend. We show that more...
| Price: $15.00
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| Common Factors in Latin America's Business Cycles Author/Editor: Allan Timmermann, Luis Catão, Marco Aiolfi. Release Date:February, 2006 This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic factors extracted from a comprehensive set of sectoral output, external data, and more...
| Price: $15.00
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| Missing Link : Volatility and the Debt Intolerance Paradox Author/Editor: Luis Catão, Sandeep Kapur. Release Date:March, 2004 A striking feature of sovereign lending is that many countries with moderate debt-to-income ratios systematically face higher spreads and more stringent borrowing constraints than others with far more...
| Price: $15.00
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