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Política fiscal
El origen de este libro se remonta a junio de 2001, cuando los autores nos conocimos durante la Escuela Internacional de Verano organizada por la Facultad de Economía de la Universidad de los Andes. Gustavo, quien adelantaba entonces estudios doctorales en la Universidad de Harvard, visit ́o la Escuela Internacional para ofrecer un curso titulado "Tópicos en teoría fiscal". Del otro lado del salón de clase se encontraba Leopoldo en calidad de estudiante. Completado el curso, profesor y estudiante intercambiamos nuestros apuntes. Tras algunos a ̃nos de trabajar a distancia –y con las interrupciones que las ocupaciones de cada uno significaban– logramos completar la versión que el l...
Luis Suarez
The young and talented Uruguayan soccer star Luis Suárez has been a perennial focus of the international press. It's not hard to understand why. Suárez has something to offer just about anyone who follows the game: controversy, brash talk, inspired play, and, above all, goals. This indomitable forward, who was born in the city of Salto and later moved to Montevideo, is the protagonist of one of the most compelling stories in the annals of Uruguayan soccer. Raised along with six siblings by a single mother, Suárez rose through the ranks of Uruguay's Club Nacional before vaulting to international fame during the 2010 World Cup, held in South Africa. Now recognized as a star in the elite leagues of Europe, the man whose shooting skills earned him the nickname El Pistolero seems certain to accomplish much more before his career is done.
Bank Leverage and Monetary Policy's Risk-Taking Channel
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s loan portfolio) is negatively associated with increases in short-term policy interest rates. This relationship is less pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and economic distress. These results contribute to the ongoing debate on the role of monetary policy in financial stability and suggest that monetary policy has a bearing on the riskiness of banks and financial stability more generally.
The End of Excess
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A Critical Analysis of Southern Baptist Hispanic Church-planting Strategies in North America, 1970-1994
This dissertation analyzes and critically evaluates Southern Baptist Hispanic church-planting strategies in North America during the period of 1970-1994. This twenty-five-year study demonstrates that these years were both important and influential days for language missions among Southern Baptists. Chapter 1 introduces the reader to the reality that the United States is a nation of many "nations." Each culture is extraordinarily unique and, consequently, requires that strategies be contextualized to reach successfully the increasingly diverse population in North America. Chapter 2 explores the historical context that was the genesis of Southern Baptists' language missions in North America. Key people instrumental in reaching language/cultural groups, starting new churches, and developing indigenous leadership among different ethnic groups helped to paint the overall language missions landscape.
First Responders
An insider’s view of the U.S. government’s response to the 2007–2009 global financial crisis, as recounted by the people who made the key decisions In 2008, the world’s financial system stood on the brink of disaster. The United States faced an unprecedented crisis when the investment bank Lehman Brothers collapsed, setting off a global panic. Faced with the prospect of a new Great Depression, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other agencies took extraordinary measures to contain the damage and steady the financial system and the economy. Edited by three of the policymakers who led the government’s response to the crisis, w...
