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On the Macro Impact of Extreme Climate Events in Central America: A Higher Frequency Investigation
Central America is one of the world’s most vulnerable regions to extreme climate events. The literature estimates the macroeconomic effects of climate events mainly using annual data, which might underestimate the true effects as these extreme events tend to be short-lived and generate government and family support in response. To overcome this limitation, this paper studies Central American countries’ macroeconomic impact of climatic disasters using high-frequency (monthly) data over the period 2000-2019. We identify extreme climate events by defining dummy variables related to storm and flood events reported in the EM-DAT (Emergency Events Database) and estimate country-specific VAR an...
Encyclopedia of Diasporas
Immigration is a topic that is as important among anthropologists as it is the general public. Almost every culture has experienced adaptation and assimilation when immigrating to a new country and culture; usually leaving for what is perceived as a "better life". Not only does this diaspora change the country of adoption, but also the country of origin. Many large nations in the world have absorbed, and continue to absorb, large numbers of immigrants. The foreseeable future will see a continuation of large-scale immigration, as many countries experience civil war and secessionist pressures. Currently, there is no reference work that describes the impact upon the immigrants and the immigrant...
The Company They Kept
In the late nineteenth century, migrants from Jamaica, Colombia, Barbados, and beyond poured into Caribbean Central America, building railroads, digging canals, selling meals, and farming homesteads. On the rain-forested shores of Costa Rica, U.S. entrepreneurs and others established vast banana plantations. Over the next half-century, short-lived export booms drew tens of thousands of migrants to the region. In Port Limn, birthplace of the United Fruit Company, a single building might house a Russian seamstress, a Martinican madam, a Cuban doctor, and a Chinese barkeep--together with stevedores, laundresses, and laborers from across the Caribbean. Tracing the changing contours of gender, ki...
Art on the Road
Decorated vehicles vividly reflect the art traditions and popular culture of the Americas. In this pictorial survey, art historian Moira Harris considers the ox carts of Costa Rica, the buses on Panama, the Tap-Taps of Haiti, the Kustom Cars of the United States of America, and the chivas of Columbia.
Managing Remittances Inflows with Foreign Exchange Intervention
In a 157 emerging markets and developing countries sample, remittances continue to grow fast, outpacing other financial inflows (as a share of GDP), particularly in Asia. Without alternative policy instruments, foreign exchange interventions (FXIs) have often been the authorities’ go-to tool to manage the short-term effects of these remittance inflows. However, this practice comes at a cost. This paper shows that FXIs are quick, temporary solutions that often may hinder the development of the recipient country’s financial sector and may not support financial stability over the medium term. The analysis suggests that FXIs act as an insurance tool that, by mitigating FX volatility, protect remittance recipients and tradable sectors from FX risks, encouraging less bank deposits (consistent with more spending) and lower buffers in the banking sector. These costs add to other direct FXI-related costs already identified in the literature. The development of private sector market risk management tools should support longer-term structural reforms required to increase the absorptive capacity of additional FX inflows.
Politics and History of Violence and Crime in Central America
This book highlights historical explanations to and roots of present phenomena of violence, insecurity, and law enforcement in Central America. Violence and crime are among the most discussed topics in Central America today, and sensationalism and fear of crime is as present as the increase of private security, the re-militarization of law enforcement, political populism, and mano dura policies. The contributors to this volume discuss historical forms, paths, continuities, and changes of violence and its public and political discussion in the region. This book thus offers in-depth analysis of different patterns of violence, their reproduction over time, their articulation in the present, and finally their discursive mobilization.
The West Indians of Costa Rica
A detailed social history of an ethnic minority's adaptation to life in Central America during the first half of the twentieth century.
The Coronado Expedition
Originally published as a hardback in 2003.
Honduras
The Honduran economy has shown remarkable resilience to various domestic and external shocks over 2020-22, and real GDP is now around 6 percent above pre-pandemic levels supported by the authorities’ prudent policies. That said, Honduras faces long-standing social and structural challenges that hinder its development potential and stability. Under the previous Fund-supported program that expired in January 2022, Honduras succeeded in enhancing the quality of fiscal policy and implementing institutional reforms. The current authorities are committed to maintaining prudent macroeconomic policies and advancing structural reforms while fostering inclusive growth by creating space for critical social spending and infrastructure investment. In this context, the authorities have requested a new Fund arrangement to anchor their economic and institutional reform agenda.
