Macroprudential Regulations in Central America

Izquierdo, Alejandro; Loo-Kung, Rudy; Rojas‐Suárez, Liliana

doi:10.2139/ssrn.2236383

Cited by 8 publications

(4 citation statements)

References 12 publications

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“…On the other hand, Amarante (2016) found in an study for Latin America that formal wages and employment contributed to the increase in inequality. Aditionally, the impact of the institutional changes on labor inequality is also conditioned by the ineficiency of the state apparatus (Izquierdo, Loo-Kung, and Rojas-Suárez 2013), still conditioned by high levels of corruption (OECD et al 2016). In contrast, some studies have found that, due to policies that attempted to increase labor formality, this labor formalization had an equalizing effect on income redistribution for Brazil and Argentina (Maurizio 2015).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Is productive capacity a key factor to reduce inequalities in South America?

Olarte

Villarreal

Torrent

2021

Development Studies Research

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Economic inequality in South America decreased steadily since 2002. However, as the beginning of the 2010s marked the end of the commodities boom in the region, economic inequality showed constant or even increasing rates in some of these countries. The decrease in economic inequality has often been related to the impact of the macro economic changes, like the boom of the commodity prices and the institutional reinforcement, and changes in the labor market. Therefore, the proposedhyphotesis is that productive capacity improvement of the less educated has played a key role in reducing inequality. Productive capacity takes into consideration three variables related to hard and soft skills to work, which are educational coverage, internet access and life conditions. Results show that, in addition to demand forces, the improvement of the productive capacity of the less educated is positively and significantly related to the reduction of inequality in South America in 2002-2011.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Is productive capacity a key factor to reduce inequalities in South America?

Olarte

Villarreal

Torrent

2021

Development Studies Research

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“…5 The difficulty in getting "right signs" for reserve requirements may link to their dual role as an instrument of monetary policy and of macroprudential policy. See for example Izquerido et al (2013) on related issues in Latin America. We estimated a simple panel vector error correction model with endogenous variables being log house prices, log credit, log RPDI and long real rates, one lag.…”

Section: Modelling the Impact Of Macroprudential Policiesmentioning

confidence: 99%

Macroprudential Tools, Transmission and Modelling

Davis

Carreras

2016

SSRN Journal

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and Social Research is Britain's longest established independent research institute, founded in 1938. The vision of our founders was to carry out research to improve understanding of the economic and social forces that affect people's lives, and the ways in which policy can bring about change. Seventy-five years later, this remains central to NIESR's ethos. We continue to apply our expertise in both quantitative and qualitative methods and our understanding of economic and social issues to current debates and to influence policy. The Institute is independent of all party political interests.

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“…11 Las tasas de provisiones adicionales son calibradas para corresponder a los requerimientos de la formula peruana de manera tan cercana como la disponibilidad de datos lo permita. Para mayor detalle, véase Izquierdo et al (2011).…”

Section: Provisiones Dinámicasunclassified

“…12 Para identificar los periodos de activación del régimen cíclico, se aplican los criterios especificados en la regulación peruana al Índice de Volumen Actividad Económica producido por el Banco Central de Reserva de El Salvador. Para más detalles, ver Izquierdo at al (2011).…”

Section: Provisiones Dinámicasunclassified

El mundo cambió: ¿Cambiará el crecimiento en Centroamérica?: Desafíos y oportunidades

Manzano,

Izquierdo

2012

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La región de América Central, Panamá y la República Dominicana, ha avanzado en los últimos años, tanto en materia de crecimiento como de fortalecimiento macroeconómico y de integración comercial con la economía global. Sin embargo, tras la crisis global, se ha configurado un nuevo contexto internacional de bajo crecimiento en el mundo industrial, sumado a altos precios de productos básicos como el petróleo, que le plantean a la región el desafío de un horizonte de más bajo crecimiento. Este informe identifica los factores detrás de esta expectativa de menor crecimiento, y le plantea a la región preguntas de interés a las que deberá prestar especial atención en años venideros: 1) cómo implementar un manejo de las cuentas publicas que aborde el regreso a posiciones superavitarias, teniendo en cuenta el impacto que tuvieron las políticas expansivas para atenuar el impacto de la crisis global sobre los presupuestos de los gobiernos de la región 2) cómo atender una creciente integración de la cuenta capital en la que los flujos financieros ganan cada vez más peso respecto de los flujos de inversión extranjera, y 3) cómo incorporar en las estrategias comerciales un nuevo contexto internacional en el que probablemente los socios comerciales tradicionales de la región no tendrán el mismo dinamismo en materia de crecimiento que se prevé para el Asia y América del Sur.

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Macroprudential Regulations in Central America

Cited by 8 publications

References 12 publications

Is productive capacity a key factor to reduce inequalities in South America?

Is productive capacity a key factor to reduce inequalities in South America?

Macroprudential Tools, Transmission and Modelling

El mundo cambió: ¿Cambiará el crecimiento en Centroamérica?: Desafíos y oportunidades

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