Rodrigo Garcia-Verdu
International Monetary Fund
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Publication
Featured researches published by Rodrigo Garcia-Verdu.
Benchmarking Structural Transformation Across the World | 2013
Era Dabla-Norris; Alun H. Thomas; Rodrigo Garcia-Verdu; Yingyuan Chen
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period 1970-2010. The analysis points to large differences in sector shares both across and within regions as well as for countries at similar levels of economic development. Using both linear and quantile regression methods, it finds that a large proportion of the cross-country variation in sector shares can be accounted for by country characteristics, such as real GDP per capita, demographic structure, and population size. It also finds that policy and insitutional variables, such as product market reforms, openness to trade, human and physical capital, and finance improve the baseline model’s ability to account for the variation in sectoral shares across countries.
Archive | 2014
Cheikh Anta Gueye; Javier Arze del Granado; Rodrigo Garcia-Verdu; Mumtaz Hussain; Byung Kyoon Jang; Sebastian Weber; Juan Sebastián Corrales
During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Archive | 2015
Mauro Mecagni; Juan Sebastián Corrales; Jemma Dridi; Rodrigo Garcia-Verdu; Patrick A. Imam; Justin Matz; Carla Macario; Rodolfo Maino; Yibin Mu; Ashwin Moheeput; Futoshi Narita; Marco Pani; Manuel Rosales Torres; Sebastian Weber; Etienne B. Yehoue
Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits—although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analyzing these issues with specific reference to the SSA region on the basis of the evidence for the past decade.
IMF Staff Discussion Note: Macro-Structural Policies and Income Inequality in Low-Income Developing Countries | 2017
Stefania Fabrizio; Davide Furceri; Rodrigo Garcia-Verdu; Bin Grace Li; Sandra V Lizarazo Ruiz; Marina Mendes Tavares; Futoshi Narita; Adrian Peralta-Alva
Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries’ ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive.
Archive | 2012
Rodrigo Garcia-Verdu; Alun H. Thomas; John Wakeman-Linn
Archive | 2013
Isabell Adenauer; Rodrigo Garcia-Verdu; Kareem Ismail; Alun H. Thomas; Masafumi Yabara
Archive | 2011
Rodrigo Garcia-Verdu; Abebe Aemro Selassie; Alun H. Thomas
Archive | 2014
Isabell Adenauer; Jorge Iván Canales-Kriljenko; Rodrigo Garcia-Verdu; Cheikh Anta Gueye; Mumtaz Hussain; Rodolfo Maino; Daniela Marchettini; Mauro Mecagni; Juan Pedro Treviño; Nathalie Pouokam; Etienne B. Yehoue
Archive | 2014
Isabell Adenauer; Jorge Iván Canales-Kriljenko; Rodrigo Garcia-Verdu; Cheikh Anta Gueye; Mumtaz Hussain; Rodolfo Maino; Daniela Marchettini; Mauro Mecagni; Juan Pedro Treviño; Nathalie Pouakam; Etienne B. Yehoue
Archive | 2014
Isabell Adenauer; Adrian Alter; Jorge Ivan Canales-Kriljenko; Domeico Fanizza; Rodrigo Garcia-Verdu; Mumtaz Hussain; R. Armando Morales; Alun H. Thomas