Latin America: Finding Its Footing

Straight Talk: A Clear Direction

Alejandro M. Werner is

Alejandro M. Werner is

Confidence in the economy’s future is the key to Latin America’s success.

Latin American prospects

Most Unequal on Earth

Nora Lustig

Latin America is a region of stark income contrasts but has been making progress.

Lustig on inequality
Most unequal on earth

Watching the Tide

Andre Meier

Latin America appears better prepared to handle capital outflows than in the past, but its resilience might soon be tested.

Corruption Matters

Daniel Kaufmann

Governance has progressed in a few Latin American countries but corruption still hinders development in the region.

Kaufmann on corruption

Been There, Done That

Luis I. Jácome

Tasking central banks with mandates beyond inflation control recalls bad past experiences in Latin America. Will things be different?

Doing It Right

Augusto de la Torre, Daniel Lederman, and Samuel Pienknagura

If Latin America is to rely on trade to enhance economic growth, it must find the correct approach.

Yanquis in Havana

Yanquis in Havana

Nicole Laframboise

The thaw in relations between the United States and Cuba could lead to a big shake-up in Caribbean tourism.

Also in This Issue

Lost Workers

Lost Workers

Ravi Balakrishnan, Mai Dao, Juan Solé, and Jeremy Zook

Reversing the decline in U.S. labor force participation is essential to boosting growth in the world’s largest economy.

Spill Over

Jiaqian Chen, Tommaso Mancini-Griffoli, and Ratna Sahay

The Federal Reserve’s recent unconventional monetary policies seem to have affected emerging markets more than traditional
policies.

A Wider Field of Vision

Dimitri G. Demekas

Stress tests must be adapted and broadened to assess the stability of the financial system as a whole.

Global Aspirations

Ananthakrishnan Prasad

Islamic financing is transcending its traditional geographic boundaries and branching out with sukuk and other financial products.

Four facts on Islamic finance

Rise of Islamic finance

From the Editor

Under Pressure

When we last featured Latin America on our cover in March 2011, the region was in the midst of a period of exceptional economic growth.

Currency Notes

Noteworthy Women

Currency

Christopher Coakley

There is a notable lack of gender diversity on currencies around the world.

Women on currency around the world

Women and work

Book Reviews

The Little Big Number: How GDP Came to Rule the World and What to Do about It, Dirk Philipsen

Misbehaving: The Making of Behavioural Economics, Richard Thaler

The Rise and Fall of Neoliberal Capitalism, David Kotz