In a year when political institutions around the world were tested and pushed to their limits, understanding institutions and institutional features has become more important than ever. The rise of populism, increasing economic inequality, and the emergence of racial and other protests in the U.S. and globally—all against the backdrop of … [Read more...] about For a Region in Turmoil, An Updated Database of Political Institutions
New Report Details the Economic Risks and the Opportunities for Stronger Postpandemic Growth
It has been a traumatic year. As the COVID-19 pandemic spread around the world, hundreds of thousands of people in Latin America and the Caribbean died and the economy spun into crisis. About 7.4% of GDP was lost—the single largest recorded fall in output in a single … [Read more...] about New Report Details the Economic Risks and the Opportunities for Stronger Postpandemic Growth
IDB Opens Doors to Promising Young Research Assistants
Are you a recent graduate eager to advance sustainable and equitable development? Do you have a gift for creative analysis, and a longing to work with some of the top economists in Latin America and the Caribbean? The Research Department of the Inter-American Development Bank (IDB) is looking for talented young professionals … [Read more...] about IDB Opens Doors to Promising Young Research Assistants
LIBOR Has Been the Magic Number in Finance for A Long Time, until Now
The London Interbank Offered Rate (LIBOR) is the dominant interest rate benchmark and plays a central role in the daily dynamics of the financial markets. Financial institutions rely on LIBOR to represent their own funding cost and transfer it to the clients. It is used as a reference rate in more than $400 trillion of financial instruments, from retail, like credit … [Read more...] about LIBOR Has Been the Magic Number in Finance for A Long Time, until Now
Vaccinating Kids Against the Learning Loss of School Closures
Like millions of mothers around Latin America, Liliana Domador was forced to juggle a job, with the raising of and even teaching of her child as the Covid-19 pandemic closed down schools and afflicted the greatest interruption of in-class education in the region's history. So Domador, a 34-year-old Peruvian mother, was delighted when … [Read more...] about Vaccinating Kids Against the Learning Loss of School Closures