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Chavez´s Bank

President Hugo Chavez’s initiative to create the Banco del Sur (Southern Bank) is the in process of being implemented. In the next few weeks, the presidents of Argentina, Bolivia, Brazil,…

Underperforming Latinos

Last week I was visiting Japan, and having almost a continuum of meetings with the private sector, public sector, and academics. I had more than 20 something face-to-face meetings, which…

Fair Play

Brazil has been known around the world for its carnival. In particular, Rio de Janeiro’s annual parade of “samba schools” competing for the title of carnival’s champion is an impressive…

Brazil: Mid-Year Update

A few years ago, the notion of Brazil being investment grade was ludicrous. Today, it is not a question of “if,” but “when.” The rating agencies are the only ones…

Mexico: Mid-Year Update

With a semester under his belt, President Felipe Calderon is showing his mettle. The Mexican president faces a daunting task. Six years of status quo under former-President Fox, the partial…

On Tropical Inflation Targeting

In his recent blog, Roberto Rigobon has directed attention to the role of fiscal policy in preventing real exchange rate appreciation in the inflation targeting (IT) regimes of Brazil, Colombia,…