Publications (12)

This paper provides a contextual analysis of the adoption of Bitcoin as legal tender in El Salvador. First, we outline the historical context and the political situation of the period 2019–24 that serve as context for the passage and implementation of the Bitcoin law (Decree No. 57). We identify the...

With data from the World Bank Enterprise Survey, this paper examines how firm-level resilience capabilities interact with government support in the reduction of lay-offs among formal firms in Central America. We estimate two latent variables to approximate resilience-related capabilities before...

We study the labour market dynamics of men and women in El Salvador and Nicaragua, focusing on the factors that help men and women move into an advantageous labour market state from an unfavourable state. We consider ‘advantageous’ states to be formal salaried employees and self-employed workers...

States’ governance of gender is not unidirectional. In addition to ‘stagnation’ and ‘progress’, there can be an active reversal of rights already granted to women. Using the case of abortion rights in El Salvador, this paper investigates the following questions: What are the likely causes of rights...

During the 2000s, El Salvador experienced slow economic growth for Latin American standards. The country underwent a recession during the international crisis of 2008, but returned to pre-recession output level in 2011. Changes in labour market conditions were mixed. The unemployment rate fell, and...

This paper reviews the pattern of poverty rates and income inequality in El Salvador since the 1990s. It discusses some of the likely factors that explain the reduction in income inequality that has taken place in the country in the last decade, which paradoxically has coincided with the long period...

This paper develops and tests five hypotheses regarding the economic causes of complex humanitarian emergencies (CHEs). We argue that: (1) such emergencies, involving large-scale deaths and population displacements, are most likely to occur when growth is slow, negative, or falls far short of...