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Linked To Publication Financial Sector

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  • Dataset

    By Connectivity, Markets and Finance Division (VPS/IFD/CMF)
    This broad and novel database of 52 countries over 2001–11, allowed a study that assesses the link between financial intermediation and saving. The study finds that the Latin American and Caribbean (LAC) region lags well behind other regions in terms of financial depth, as measured by gross private domestic financial assets. LAC countries also have a larger share of bank deposits and cash in the private sector portfolio, compared to non-bank assets (bonds and shares). Moreover, within the institutional investor industry, pension funds are relatively developed in the region, although they grew out of the compulsory pension systems in several countries that date back to the 1980s and 1990s. The findings also indicate that LAC countries have about 40 percent of gross private financial wealth invested abroad, but just 4 percent of gross private liabilities have that origin, which attests to region’s obstacles in tapping international markets. The countries in general present a small...
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  • Dataset

    By Department of Research and Chief Economist (VPS/RES/RES)
    Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their impact. This document discusses the normative merits of using MTFs, provides a characterization of the different types of MTF, and describes their development in the Latin American region based on extensive field work. As a first approximation for understanding how they are working, this document explores in detail the cases of Argentina, Colombia and Peru. While an unambiguous diagnosis is not possible, this document lays the groundwork for progress toward comprehensive impact evaluations and, eventually, to the consolidation of MTFs in the region.
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  • Dataset

    By Department of Research and Chief Economist (VPS/RES/RES)
    This is the data used for the estimation of the GVAR model as in "China's Emergence in the World Economy and Business Cycles in Latin America" (access the study in the related URL Section). The dataset includes quarterly data for twenty-five major advanced and emerging economies plus the euro area, covering more than 90 percent of world GDP. The variables included in the dataset are real GDP, CPI inflation, real equity prices, real exchange rates, short-term and long-term interest rates, and the price of oil. Updates of this dataset -together with the baseline GVAR code- can be found in the Related URL section below. Years covered: 1979 - 2009.
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  • Dataset

    By Health, Nutrition and Population Division (VPS/SCL/HNP)
    The Technical Note "Setting Targets for Results-Based Financing Programs: A Simple Cost Benefit Framework" is accompanied by this Excel tool for the calculation of targets according to the simple framework presented. As an example, the case of El Salvador from the Salud Mesoamerica 2015 initiative is used in the file. The sources of information for this particular example were the latest available at the time of the exercise.
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  • Dataset

    By Fiscal Management Division (VPS/IFD/FMM)
    The database allows estimating structural fiscal balances for 20 countries in the region under different assumptions regarding the output gap and commodity structural prices. It is a unique database of its kind since: 1) It takes into consideration the distinct responsiveness of different types of revenues to changes in the output gap: In order to adjust for the impact of the business cycle on revenues, we calculate individual elasticities for each source of revenue (i.e. direct taxes, indirect taxes, revenues from non-renewable resources, etc.). Since the different types of revenues in the region have different sensitivities to changes in the output gap, this disaggregated approach allows for a more fine-tuned adjustment. 2) It includes estimations of SFBs based on output gaps projections available in real time. In addition to giving estimations of the actual SFBs, we provide with estimations of the SFBs that would have resulted should the projections on output gaps available to...
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