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The U.S. Financial Crisis: Lessons from Chile

Description: From 1981-1984, Chile experienced a banking crisis that in relative terms had a cost comparable in size to that perhaps facing the United States today. The Chilean Central Bank acted quickly and decisively in three ways to restore faith in the credit markets. It restructured firm and household loans, purchased nonperforming loans temporarily, and facilitated the sale or liquidation of insolvent financial institutions. These three measures increased liquidity in the credit markets and restored t… more
Date: September 29, 2008
Creator: Hornbeck, J. F.
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U.S.-Latin America Trade: Recent Trends

Description: This report looks at the status, implications, and alternatives to current free trade agreements in the Latin America. Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but it is the fastest growing one, with the current exception of Africa. Over the last 15 years, the United States has implemented multiple free trade agreements with the region, which are more comprehensive than those that in… more
Date: May 18, 2007
Creator: Hornbeck, J. F.
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U.S.-Latin America Trade: Recent Trends and Policy Issues

Description: Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but it is the fastest growing one, with the current exception of Africa. Over the last 15 years, the United States has implemented multiple free trade agreements with the region, which are more comprehensive than those that include only Latin American countries. This report looks at the status, implications, and alternatives to current free tr… more
Date: September 3, 2009
Creator: Hornbeck, J. F.
open access

U.S.-Latin America Trade: Recent Trends and Policy Issues

Description: Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but historically is the fastest growing one. The United States has implemented comprehensive reciprocal trade agreements with most of its important trade partners in Latin America. Agreements with Panama and Colombia have been signed but not implemented, pending congressional action. Countries south of the Caribbean Basin have been reluctant t… more
Date: June 25, 2010
Creator: Hornbeck, J. F.
open access

U.S.-Latin America Trade: Recent Trends and Policy Issues

Description: Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but historically is the fastest growing one. The United States has implemented comprehensive reciprocal trade agreements with most of its important trade partners in Latin America. Agreements with Panama and Colombia have been signed but not implemented, pending congressional action. Countries south of the Caribbean Basin have been reluctant t… more
Date: February 8, 2011
Creator: Hornbeck, J. F.
open access

U.S.-Latin American Trade: Recent Trends

Description: Since congressional passage of Trade Promotion Authority (TPA) in August 2002 (P.L. 107-210), the U.S.-Chile free trade agreement (FTA) has been implemented and negotiations were concluded on the Dominican Republic-Central America-United States Free Trade Agreement (DR-CAFTA). Implementing legislation may be introduced in the first session of the 109th Congress. Other important U.S.-Latin America trade initiatives include FTA negotiations with three Andean countries and Panama, and the ongoing … more
Date: March 8, 2005
Creator: Hornbeck, J. F.
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U.S. Latin American Trade: Recent Trends

Description: With the close of the second Summit of the Americas on April 19, 1998, 34 nations of the Western Hemisphere had formally agreed to negotiate a Free Trade Area of the Americas (FTAA). It is a long way from completion, but the prospect of achieving closer regional economic ties is now officially embraced. Except for Mexico, merchandise trade between the United States and Latin America is relatively small, but has been growing steadily this decade, a result of expanding U.S. global trade and refor… more
Date: March 10, 2000
Creator: Hornbeck, J. F.
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U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

Description: This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by Free Trade Agreement (FTA) in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
Date: January 28, 2010
Creator: Hornbeck, J. F.
open access

U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

Description: This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by FTAs in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
Date: June 22, 2010
Creator: Hornbeck, J. F.
open access

U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

Description: This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by FTAs in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
Date: January 21, 2009
Creator: Hornbeck, J. F.
open access

U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

Description: This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by Free Trade Agreement (FTA) in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
Date: January 6, 2011
Creator: Hornbeck, J. F.
open access

U.S.-Latin America Trade: Recent Trends

Description: After Congress passed Trade Promotion Authority (TPA) legislation in August 2002 (P.L. 107-210), the United States implemented free trade agreements (FTAs) with Chile, the Dominican Republic, the Central American countries, and Peru. The United States has also concluded FTAs with Colombia and Panama, which await congressional action.1 Talks on the region-wide Free Trade Area of the Americas (FTAA), by contrast, have stalled. The 110th Congress may consider implementing legislation for one or bo… more
Date: July 18, 2008
Creator: Hornbeck, J. F. & Cid, Marisabel
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Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy

Description: This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.
Date: November 4, 2010
Creator: Hornbeck, J. F. & Cooper, William H.
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Trade Promotion Authority (TPA): Issues, Options, and Prospects for Renewal

Description: This report presents background on the development of TPA, a summary of the major provisions under the recently expired authority, and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.
Date: July 12, 2007
Creator: Hornbeck, J. F. & Cooper, William H.
open access

The Argentine Financial Crisis: A Chronology of Events

Description: Argentina’s current crisis resulted from a confluence of events, some external to Argentina’s policy process, others directly related to its political and economic choices. The following is a summary of these events from before Argentina’s adoption of the currency board in 1991 to developments in early 2002.
Date: June 5, 2003
Creator: Hornbeck, J. F. & Marshall, Meaghan K.
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Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Description: This report looks at the background of Trade Adjustment Assistance (TAA) in the Trade Expansion Act of 1962, which was created by Congress. It then discusses how the 112th Congress is considering legislative action to extend the TAA - including two issues: how necessary or appropriate the extension is, and whether or not three proposed bills should be voted upon separately.
Date: August 11, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
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Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Description: This report looks at the background of Trade Adjustment Assistance (TAA) in the Trade Expansion Act of 1962, which was created by Congress. It then discusses how the 112th Congress is considering legislative action to extend the TAA - including two issues: how necessary or appropriate the extension is, and whether or not three proposed bills should be voted upon separately.
Date: July 19, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
open access

Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Description: This report covers the origin and history of the Trade Adjustment Assistance (TAA), created by Congress in the Trade Expansion Act of 1962 to help workers and firms adjust to economic dislocation that may be caused by trade liberalization. The report also covers Congressional disagreements over the effectiveness of TAA, and whether it should be renewed when it expires in February 2012.
Date: July 20, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
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Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Description: This report discusses the role of Trade Adjustment Assistant (TAA) in U.S. trade policy, from its inception as a legislative option in the early 1950s, to its core role as a cornerstone of modern trade policy that many argue has served to promote the long-term U.S. trade liberalization agenda.
Date: November 2, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
open access

Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Description: This report discusses the role of Trade Adjustment Assistance (TAA) in U.S. trade policy, from its inception as a legislative option in the early 1950s, to its core role as an alternative to import relief that many argue has served to promote the long-term U.S. trade liberalization agenda. It will also consider the extent to which TAA has been linked to both renewal of trade agreements authority, and passage of trade agreement implementing legislation.
Date: September 28, 2011
Creator: Hornbeck, J.F. & Rover, Laine Elise
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