Grants and Debt Forgiveness Bilateral and multilateral in Africa (2007)
Leonardo Hernandez, Saori N. Katada
caeditors have made a significant effort
a. Macro-Imbalances and the Macro-Stabilization Program of 1984–87 (2007)
Leonardo Hernandez, Daniela Klingebiel, Gerard Caprio, Simeon Djankov, Swati R. Ghosh
(*) World Bank and (**) Central Bank of Chile. Valuable comments were received from
Hispanic American Historical Review - 81:3-4, August-November 2001
Sustainability of private capital flows to developing countries : Is a generalized reversal likely?
Hernandez, Leonardo, Rudolph, Heinz
Since 1989, private capital flows to a select group of developing countries have increased sharply, but developments in 1994 have caused concern about the sustainability of those flows. Several...
The Aftermarket Performance of Initial Public Offerings in Latin America
Reena Aggarwal, Ricardo Leal, Leonardo Hernandez
This study extends the international evidence on initial public offerings (IPOs) and is the first comprehensive analysis examining new issues in the Latin American countries of Brazil, Chile, and...
Grants and debt forgiveness in Africa : a descriptive analysis
Hernandez, Leonardo, Katada, Saori N.
The authors analyze the effects of bilateral debt forgiveness on 32 low-income countries in Africa (1984-93). Asking whether it makes a difference for recipient countries to receive pure grants...
Alba, Pedro, Bhattacharya, Amar, Claessens, Stijn, Ghosh, Swati, Hernandez, Leonardo
The buildup of vulnerabilities in East Asia is shown here to be mainly the result of weaknesses in financial intermediation, poor corporate governance, and deficient government policies, including...
Capital Controls in Chile: Effective? Efficient?
Francisco A. Gallego, Leonardo Hernandez, Klaus Schmidt-Hebbel
New empirical evidence with regards to the effectiveness and efficiency of Chile's capital controls is provided here, based on more and better data on the range of controls and a broad assessment of...
Macroeconomic adjustment to capital inflows : Latin American style versus East Asian style
Corbo, Vittorio, Hernandez, Leonardo
In recent years, private capital inflows to some developing countries have increased sharply. This increase has provided the financing needed to enhance the use of existing capacity and to raise...
Financial liberalization and the capital account : Thailand, 1988-97
Alba, Pedro, Hernandez, Leonardo, Klingebiel, Daniela
The authors examine Thailand's macro-economy and micro-economy for the period 1988-97 to assess the extent to which the country's mix of macroeconomic and financial sector policies contributed to its...
Determinants and repercussions of the composition of capital inflows
Mark Carlson, Leonardo Hernandez
The Mexican, Asian, and Russian crises of the mid- and late 1990s have renewed the interest among policymakers in the determinants and effects of private capital flows. This paper analyzes whether...