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Norman V. Loayza

Lead Economist

NORMAN LOAYZA is currently lead economist in the research department of the World Bank.  He was born in Arequipa, Peru, and studied high school and general university studies in Lima.  He obtained a Bachelor of Arts degree from Brigham Young University, in the specialties of economics and sociology.  Norman continued his studies at Harvard University, from which he received a Ph.D. degree in economics in 1994.  Since then, he has worked at the research group of the World Bank, with an interruption of two years (1999-2000) when he worked as senior economist at the Central Bank of Chile.  Norman has taught post-graduate courses and seminars at the University of the Pacific in Lima, the Catholic University of Chile, and the University of Sao Paulo.  He has presented seminars and conferences in places as diverse as Nairobi, Buenos Aires, Helsinki, Mexico City, El Cairo, Rio de Janeiro, and Madrid.  Throughout his professional life, Norman has studied several areas related to economic and social development, including economic growth, private saving, financial depth, monetary policy, trade openness, poverty alleviation, and crime prevention.  As result from this research, he has edited five books and published more than thirty articles in professional journals. 

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World Bank working papers and publications

1 .World development report 2014 : risk and opportunity - managing risk for development
2 .Informe sobre el desarrollo mundial 2014 : riesgo y oportunidad - la administracion del riesgo como instrumento de desarrollo : panorama general
3 .Rapport sur le developpement dans le monde 2014 : risques et opportunites - la gestion du risque a l'appui du developpement : abrege
4 .Relatorio Sobre o Desenvolvimento Mundial 2014 : risco e oportunidade - gerenciamento de riscos para o desenvolvimento : visao geral
5 .World development report 2014 : risk and opportunity - managing risk for development : overview
6 .World development report 2014 : risk and opportunity - managing risk for development : overview
7 .World development report 2014 : risk and opportunity - managing risk for development : overview
8 .World development report 2014 : risk and opportunity - managing risk for development : overview
9 .Poverty, inequality, and the local natural resource curse
10 .Saving and growth in Sri Lanka
11 .Do middle classes bring institutional reforms ?
12 .The impact of wealth on the amount and quality of child labor
13 .More than you can handle : decentralization and spending ability of Peruvian municipalities
14 .Saving and growth in Egypt
15 .Why are developing countries so slow in adopting new technologies ? the aggregate and complementary impact of micro distortions
16 .Innocent bystanders : developing countries and the war on drugs
17 .Business regulation and economic performance
18 .Infrastructure and economic growth in Egypt
19 .Medium-term business cycles in developing countries
20 .Privatization and nationalization cycles
21 .The growth aftermath of natural disasters
22 .Natural disasters and growth - going beyond the averages
23 .Informality in Latin America and the Caribbean
24 .The development impact of the illegality of drug trade
25 .The World Bank economic review 22 (1)
26 .The aftermath of civil war
27 .The World Bank economic review 21 (3)
28 .Informality trends and cycles
29 .The composition of growth matters for poverty alleviation
30 .The structural determinants of external vulnerability
31 .Openness can be good for growth : the role of policy complementarities
32 .Does openness imply greater exposure ?
33 .The impact of regulation on growth and informality - cross-country evidence
34 .Regulation and macroeconomic performance
35 .Financial development, financial fragility, and growth
36 .On the measurement of market-oriented reforms
37 .Country Portfolios
38 .Greenfield foreign direct investment and mergers and acquisitions - feedback and macroeconomic effects
39 .Volatility and growth
40 .Do capital flows respond to risk and return?
41 .World market integration through the lens of foreign direct investors
42 .Accountability and corruption : political institutions matter
43 .The World Bank economic review 14 (3)
44 .Determinants of current account deficits in developing countries
45 .What drives private saving around the world?
46 .External sustainability : a stock equilibrium perspective
47 .Finance and the sources of growth
48 .Financial intermediation and growth : Causality and causes
49 .Economic reform and progress in Latin America and the Caribbean
50 .The economics of the informal sector : a simple model and some empirical evidence from Latin America
51 .Has Latin America's post-reform growth been disappointing?
52 .The peace dividend : military spending cuts and economic growth
53 .A test of the international convergence hypothesis using panel data
54 .Labor regulations and the informal economy
55 .Taxation, public services, and the informal sector in a model of endogenous growth

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