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Special Report: Colombia's Caribbean Region
Since 2012, The Business Year has been producing annual publications on the Colombian economy, gathering the thoughts of hundreds of top business leaders in the process. Now, we seek to take the spotlight to Colombia's Caribbean region to see what is behind the economic transformation witnessed there in recent years. This special report comes in a series of online publications focusing on a certain aspect or industry in one of our 35 global markets. Our reports are consumed by investors, analysts, and decision makers around the world.
From the Ground Up
A Brookings Institution Press and Ash Center for Democratic Governance and Innovation publication This book is based on a simple concept: no one is in a better position to hold a government accountable than those it governs. When governments fail to meet the needs of their citizens, the international community often turns to large external organizations such as the International Monetary Fund or the World Bank. These analysts and monitors may have the resources and expertise to analyze and advise on public spending and governance, but where do they go when the time comes to implement new policies? And can they really have a more nuanced understanding of the country's problems than its own ci...
The Determinants of Banks' Liquidity Buffers in Central America
Banks’ liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stability, high systemic liquidity may nonetheless hinder monetary policy transmission and financial markets development. Using a panel of about 100 commercial banks from the region, we find that the demand for precautionary liquidity buffers is associated with measures of bank size, profitability, capitalization, and financial development. Deposit dollarization is also associated with higher liquidity, reinforcing the monetary policy and market development challenges in highly dollarized economies. Improvements in supervision and measures to promote dedollarization, including developing local currency capital markets, would help enhance financial systems’ efficiency and promote intermediation in the region.
The Urban Naturalist
DIVInformative, useful field guide reveals the amazing biodiversity within city and suburban landscapes, including trees, insects and other invertebrates, fish, amphibians, reptiles, birds, and mammals. Hundreds of fascinating facts. /div
Hearings
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Official Gazette
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New Century, Old Disparities
To what extent do individuals with the same observable endowment of human capital receive different salaries on the basis of their gender or ethnicity? What policy options promise to diminish these earnings gaps? This book tries to answer these and other questions using an innovative technique of matching comparisons.
Costa Rica
This Selected Issues paper describes Costa Rica’s vulnerability to potential policy changes in the United States after the November 2016 presidential election and its effects on Central America. In the near term, the most likely US policy shift is a change in the macroeconomic policy mix, involving an expansionary fiscal policy—implemented initially through tax cuts—and a tighter than previously expected monetary policy stance. The results suggest that Costa Rica could be more affected through the foreign direct investment and trade channels, unlike the rest of Central America, where remittances and immigration play a key role.
