The 1988 Basel I Accord created a level playing field for international banks in terms of a minimum recommended amount of capital.It was probably the most successful financial standard ever conceived. More than 100 countries claimed to have implemented the agreement, and in many countries it was applied to all banks. Basel II was agreed upon in 2004. Many of its 216 pages … [Read more...] about Basel III and Financial Reforms: What Should Emerging Economies Do?
Latin America and the Caribbean faces uncertain times. Weaker than expected growth in the United States, together with lower corporate earnings and higher interest rates, could lead to a 2.4% accumulated loss in GDP in our region from 2019-2021. Less demand from China might trigger a drop in GDP over the same period, and Brexit potentially threatens to dampen performance in … [Read more...] about As External Challenges Loom, Boosting Growth from Within
Latin America and the Caribbean will face steep challenges in coming decades to provide food security and guarantee a decent income for its rural population. Greater rainfall and increasingly devastating floods may threaten some parts of the region. Others, including northeastern Brazil and Central America, will face extended drought. Erosion and dwindling water resources could … [Read more...] about A Changing Climate Requires New Farming Habits: How Can Behavioral Economics Help?
The Research Department of the Inter-American Development Bank (IDB) invites recent university graduates and young professionals to apply to its Research Fellowship Program. Research fellows collaborate closely with a group of economists, providing support and helping generate new ideas to further the Bank's mission of promoting sustainable and equitable development in Latin … [Read more...] about Young Researchers Invited to Apply for Prestigious Fellowship
Most of us are biased. We scan the world, making emotional and often automatic judgments about people based on factors like gender, race and socio-economic status. We misjudge people. When it comes to hiring, this can result not only in unfair decisions that penalize deserving candidates, but to more homogenous—and less creative and productive—groups of employees. As we … [Read more...] about Leveraging Behavioral Insights for a More Equitable Workplace