Carlos Giraldo , Iader Giraldo , Jose E. Gomez-Gonzalez , Jorge M. Uribe

The world’s economies are currently experiencing heightened levels of uncertainty, with a notable contribution from the United States (US).

Carlos Giraldo, Iader Giraldo and Philip Turner

Oil prices have experienced large fluctuations over the past three years and remain high

María Alejandra Amado – Iader Giraldo

The volatility of international capital flows has increased in recent months due to various circumstances, such as the accelerated withdrawal of monetary stimulus in developed economies, geopolitical conflicts, and slowing demand, among many other factors

Carlos Giraldo – Iader Giraldo – Jose E. Gomez-Gonzalez – Jorge M. Uribe

Several studies have shown that exaggerated and sustained credit growth is one of the main causes of financial crises in both developed (Schularick and Taylor, 2012) and emerging economies (Amador-Torres et al., 2013).

Carlos Giraldo – Iader Giraldo

Central bank digital currencies (CBDCs) have gained prominence in recent years, especially in the wake of the pandemic . However, there is no unique design of a CDBC, with as wide varieties of CDBCs as animal species within the oviparous species.

Adriana Arreaza and Carlos Giraldo

Latin America’s financial system has shown great strength throughout the pandemic, surprising several analysts, who perceived considerable risks suggesting that this real shock would result in financial shock. However, amid tightening global financial conditions, the outlook ahead is challenging.

Carlos Giraldo – Hoe Ee Khor and Rolf Strauch

Regions across the globe have been facing a double-shock as the pandemic triggered a demand shock and supply disruptions while economies were recovering.

María Alejandra Amado – Iader Giraldo

The 1990s saw the beginning of a significant expansion of Spanish banking in Latin America. Today, the strategic character of the region among the leading Spanish multinational banks is crucial, as is Spanish banking in the financial systems of the largest economies in Latin America.

Iader Giraldo and Philip Turner

Low long-term interest rates in the dollar after the Global Financial Crisis (GFC) and failings in the regulatory oversight of international bond markets have led investors to take more and more risk in their search for higher yields. Non-financial corporations (NFCs) in Latin America have taken full advantage of such favorable conditions. One indicator of this is that the international bond debt of Latin American non-banks has, measured against exports, more than doubled in the past decade