In recent decades, numerous governments in Latin America and the Caribbean have adopted fiscal rules, which try to enforce fiscal discipline on governments and stop them from pro-cyclical spending, which involves spending too much when times are good and taking the ax to spending when times are bad. Pro-cyclical policies have been a historical trend in the region. They have not … [Read more...] about Fiscal Rules for Commodity-Dependent Economies
Rodrigo Heresi Gajardo
Rodrigo Heresi Gajardo es economista en el Departamente de Investigación del Banco Interamericano de Desarrollo.
US Banking Fragilities and the Potential Impacts on Latin America and the Caribbean
Several bank failures, and the high volatility in US bank equity prices, have raised considerable concern in recent weeks. The March 10 failure of Silicon Valley Bank (SVB) followed just two days later by that of Signature Bank shocked many observers. There were hopes that these were isolated incidents, but other regional banks soon came under pressure. First Republic Bank … [Read more...] about US Banking Fragilities and the Potential Impacts on Latin America and the Caribbean