scholarly journals Monetary integration issues in Latin America: A multivariate assessment

2008 ◽  
Vol 55 (3) ◽  
pp. 279-308
Author(s):  
Jean-Pierre Allegret ◽  
Alain Sand-Zantman
Keyword(s):  
Latin America ◽  
Exchange Rate ◽  
Business Cycles ◽  
Latin American ◽  
Monetary Union ◽  
Monetary Integration ◽  
Integration Process ◽  
Common Shocks ◽  
The Impact ◽  
Latin American Countries

This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries focusing on the feasibility of a monetary union between L.A. economies. To this end, we study the issue of business cycle synchronization with the occurrence of common shocks. First, we assess the international disturbances influence on the domestic business cycles. Second, we analyze the impact of the adoption of different exchange rate regimes on the countries' responses to shocks. .

The Inter-American Court of Human Rights

2018 ◽  
Author(s):  
Alexandra Huneeus
Keyword(s):  
Human Rights ◽  
Latin America ◽  
Case Studies ◽  
Latin American ◽  
Constitutional Reform ◽  
Constitutional Order ◽  
The Impact ◽  
Latin American Countries

This chapter seeks to explain why the impact of the Inter-American Court of Human Rights varies greatly across the different Latin American countries under its jurisdiction. Three case studies suggest that the uneven spread of constitutional ideas and practices across Latin America helps shape the type of authority the IACtHR exerts. In Colombia, where neoconstitutionalist lawyers were able to successfully ally themselves with reformers and participate in the construction of a new constitution and court starting in 1991, the Court now enjoys narrow, intermediate, and extensive authority. In Chile, where constitutional reform was muted, and neoconstitutionalist doctrines have not found strong adherents in the judiciary, the IACtHR has achieved narrow authority and, at times, intermediate authority. In Venezuela, neoconstitutionalism was sidelined as the new Bolivarian constitutional order was forged. Meanwhile, the Mexican case study suggests that the neoconstitutionalist movement can also work transnationally.

Who Is Voting for Low Inflation and Why?

2013 ◽  
Author(s):  
Brigitte Granville
Keyword(s):  
Exchange Rate ◽  
Latin American ◽  
Inflation Rate ◽  
The Real ◽  
The Exchange Rate ◽  
Nominal Anchor ◽  
The Impact ◽  
Real Challenge ◽  
Latin American Countries

This chapter analyzes the impact of low inflation. It argues that despite repeated efforts by governing authorities to initiate anti-inflationary policies, long-lasting stabilization can prove elusive. Reducing inflation is one thing, but keeping it down is the real challenge. The chapter highlights the experiences of some Latin American countries in the 1970s and 1980s, Russia in the 1990s, and Argentina in the 2000s. One typical mistake was to choose the exchange rate as the nominal anchor, which allows the inflation rate to be reduced quickly, but its effect is temporary, as governments often use lower inflation as a reason to delay the necessary fiscal tightening, eventually leading to the collapse of the exchange rate peg and inflation striking back with a vengeance.

Women’s Political Inclusion in Latin America: The Challenges of Gauging Visibility

2020 ◽  
pp. 55-70
Author(s):  
Magda Hinojosa ◽  
Miki Caul Kittilson
Keyword(s):  
Latin America ◽  
Latin American ◽  
National Survey ◽  
Political Engagement ◽  
Political Support ◽  
Descriptive Representation ◽  
Political Office ◽  
The Impact ◽  
Latin American Countries ◽  
Cross National

Chapter 3 focuses on a select set of Latin American countries (Honduras, Bolivia, Nicaragua, and Panama) where women’s legislative representation doubled from one election to the next and rose above 20 percent. Detecting the effects of quotas and descriptive representation is complicated. Available survey evidence is inadequate to discern clear patterns on how sizable jumps in the numbers of women in political office influence political engagement and support. Cross-national survey timing makes it even more difficult to gauge the impact of these changes. Further, these gains may not have always been publicly visible, and a variety of salient campaign issues and events contend for the public’s attention and may overshadow the influence of women’s election to office. Assessing changes to political engagement and political support requires precise methods. In this way, this chapter sets up the analysis using our unique survey from Uruguay.

The Challenges of the New Social and Scientific Realities in Private International Family Law – The Latin American Experience

2019 ◽  
pp. 268-292
Author(s):  
Nieve Rubaja ◽  
María Mercedes Albornoz
Keyword(s):  
Latin America ◽  
Latin American ◽  
Family Law ◽  
Private International Law ◽  
Social Changes ◽  
International Treaties ◽  
International Protection ◽  
American Experience ◽  
The Impact ◽  
Latin American Countries

Private International Family Law has been challenged by the impact of recent social changes. Such an impact is shaped by an increasing globalization, new types of families, and, especially, technology and biomedical developments. Some of the new complex situations call for the creation of original solutions. Latin American countries are making efforts to gradually include in their domestic Private International Law provisions that capture this scenario. However, some international treaties still in force in the region were drafted many years ago, reflecting cultural, religious and social conceptions which have been outgrown by new realities and principles nowadays prevailing. This chapter shows some of the difficulties, possibilities and challenges that the most relevant multilateral legal instruments currently face in Latin America. It also explores and highlights the work of several international bodies in order to achieve the international protection of families and, in particular, to guarantee the rights of children.

scholarly journals Fear for Manufacturing? China and the Future of Industry in Brazil and Latin America

2012 ◽  
Vol 209 ◽  
pp. 59-81 ◽  
Author(s):  
Rhys Jenkins ◽  
Alexandre de Freitas Barbosa
Keyword(s):  
Latin America ◽  
Latin American ◽  
Industrial Sector ◽  
Export Markets ◽  
Technology Products ◽  
The Us ◽  
Manufactured Exports ◽  
The Impact ◽  
Latin American Countries ◽  
Considerable Concern

AbstractThere has been considerable concern in Latin America over the implications of increased competition from China for local industry. These concerns include the possibility of “deindustrialization,” the increased “primarization” of the region's exports and the difficulties of upgrading manufactured exports into higher technology products. This article examines the impact of Chinese competition both in the domestic market and in export markets on Brazilian industry. It documents the increased penetration of Chinese manufactures in the Brazilian market and the way in which Brazilian exports have lost market share to China in the US, European Union and four Latin American countries. Brazil, because of its more developed and locally integrated industrial sector, is not typical of other Latin American countries and the article also discusses the relevance of the Brazilian experience for the region as a whole.

scholarly journals The Impact of Corporate Liability on Corruption in Latin America

AJIL Unbound ◽  
2019 ◽  
Vol 113 ◽  
pp. 320-325
Author(s):  
Guillermo Jorge
Keyword(s):  
Latin America ◽  
Law Enforcement ◽  
Latin American ◽  
International Standards ◽  
Foreign Corrupt Practices Act ◽  
The Impact ◽  
Corporate Liability ◽  
Latin American Countries ◽  
The U.S

Most Latin American countries are in the process of implementing international anticorruption standards, including standards for combating corporate corruption. Primarily based on the U.S. experience with the Foreign Corrupt Practices Act (FCPA), these international standards for combating corporate corruption are coalescing into a standardized paradigm, which requires states to establish corporate liability regimes that incentivize companies to prevent, self-police, and cooperate with law enforcement authorities in exchange for more lenient sanctions.

scholarly journals The Impact of Risk and Uncertainty On Remittances Into Latin American Economies

1970 ◽  
Vol 26 (1) ◽  
pp. 99-118
Author(s):  
Blen Solomon
Keyword(s):  
Exchange Rate ◽  
Latin American ◽  
Political Risk ◽  
Risk And Uncertainty ◽  
Exchange Rate Uncertainty ◽  
Political Environments ◽  
The Impact ◽  
Latin American Countries

This study investigates the effects of exchange rate uncertainty and politicalrisk, after controlling for the conventional macroeconomic detenninants, on remittancestransfers into eight Latin American countries during the period of 1990-2006.The results suggest that an increase in exchange rate uncertainty reduces remittancesflows into these countries. Furthennore, an increase in political risk seems to havea negative but statistically insignificant impact on remittances transfers. Based onthe findings of this paper, we can say that governments of the remittance receivingcountries can influence the inflow of remittances by means of adopting appropriatemacroeconomic policies to reduce exchange rate uncertainty and also by improvingtheir political environments.

Life expectancy and trade openness: causality in Latin America

2020 ◽  
Vol 47 (10) ◽  
pp. 1265-1281
Author(s):  
Mert Akyuz ◽  
Cagin Karul ◽  
Ibrahim Demir
Keyword(s):  
Latin America ◽  
Life Expectancy ◽  
Granger Causality ◽  
Latin American ◽  
Trade Openness ◽  
Specific Region ◽  
Cross Sectional ◽  
Content Type ◽  
The Impact ◽  
Latin American Countries

PurposeThe aim of this research is to investigate the causal relationship between trade openness (TO) and life expectancy (LE) at birth in Latin American countries over the period of 1980–2014.Design/methodology/approachThe bootstrap panel Granger causality test proposed by Emirmahmutoglu and Kose (2011) was used to determine the direction of causality in the presence of cross-sectional dependency and heterogeneity among Latin American countries. Also, four different tests were employed in order to determine the cross-sectional dependency and slope homogeneity. The stationarity properties of variables were inspected by employing a unit root test.FindingsThe findings indicated that Granger causality existed between TO and LE, at birth which was running from the former to the latter for panel. On a country basis, TO Granger caused LE at birth for countries with low level of economic development and higher taxes on income and profits.Practical implicationsThis study provides new insights for policymaking regarding the role of TO in achieving comprehensive economic reforms to increase LE at birth during a period of intense trade rivalry across nations.Originality/valueAlthough research in the literature has mainly focused on the impact of TO on LE at birth with panel data, most studies ignored the regional effects. It is the authors’ concern that the direction of causality can be country-specific and have regional characteristics. In this regard, instead of dividing countries for a specific region into two parts such as developing and developed, the authors investigated the pattern of trade–health link for a specific region, Latin America.

scholarly journals Introduction

2020 ◽  
pp. 1-7
Author(s):  
Stephany Griffith-Jones ◽  
Bettina De Souza Guilherme
Keyword(s):  
Latin America ◽  
Latin American ◽  
The European Union ◽  
Joint Research ◽  
Policy Suggestions ◽  
The Common ◽  
The Impact ◽  
Finance Capitalism ◽  
Latin American Countries ◽  
Global Financial System

AbstractThis book is the result of the first 3 years of the comparative and multidisciplinary Jean Monnet Network, “Crisis-Equity-Democracy for Europe and Latin America”, of senior academics and policy advisors from four European and three Latin American countries, including experts on the European Union and Latin American regionalism. The rationale of the project and the common link is that both Europe and Latin America can learn from their respective experiences on “crisis”, its management and the distributive and democratic implications at national and regional level. The main purposes of the joint research can be summarised as to (1) locate in the current global financial system as one of the very major causes of the financial and debt crises in the EU and Latin America; (2) demonstrate the impact of the paradigm change on global and EU economic governance; (3) analyse key systemic aspects of the global crisis, i.e. climate change, macro-financial instability and the weakening of democracy and their inter-connections; (4) map and evaluate how both regions and individual countries within both regions have tried to manage these crises; (5) discuss the economic, political and social effects of these crises on both regions and individual countries; (6) finally, to make policy suggestions on how to transition from finance capitalism to a more sustainable real capitalism, on how both regions can better manage/govern/respond to such systemic pressures and on how they can increase their cooperation.

scholarly journals Let it float: new empirical evidence on de facto exchange rate regimes and growth in Latin America

2021 ◽  
Vol 32 (65) ◽  
pp. 3-18
Author(s):  
Cecilia Bermúdez ◽  
Carlos Dabús
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Exchange Rate ◽  
Empirical Evidence ◽  
Latin American ◽  
Exchange Rate Regimes ◽  
The Other ◽  
Determinants Of Economic Growth ◽  
Latin American Countries

This paper reassesses the evidence presented in Levy-Yeyati and Sturzenegger (LYS) (2003) on the relation between exchange rate regimes and economic growth. We use their de facto classification as well as their database, in order to gain robustness and efficiency in the results. We run System GMM estimations. Additionally, we focus on Latin American countries for the period 1974-2004. Differently to LYS, our evidence indicates that exchange rate regimes are not significant to explain economic growth, both in a worldwide sample of countries and particularly in Latin America. However, in this region flexible regimes appear to have more advantages in terms of the role of the determinants of economic growth in relation to the other exchange regimes.

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