Agustí Bartra: de Xabola a Crist de 200.000 braços. La recerca de la veu

El poeta Agustí Bartra va publicar la novel•la Xabola (Mèxic, 1943), la qual narra l'estada de quatre comapnys al camp de concentració francès d'Argelers. El 1958 un editor li'n demanà una traducció castellana, però Bartra optà per reescriure de dalt a baix la narració i en resultà la novel•la Cristo de 200.000 brazos, que es publicà en català el 1968 i, en una edicó definitiva, el 1974. El procés de revisió i de redacció (supressió de fragments, incoporació de textos, altereació de capítols, revisions estilístiques) que Bartra aplica al text són notables i permeten analitzar l'evolució literària de l'autor.

Generos y sexualidades frente al nuevo milenio: cambios y resistencias

En la noche entre el año 999 y 1000, la cristiandad entera esperaba, temblando, la segunda venida de Cristo en el día del juicio final. Sin embargo, con gran sorpresa y considerable alivio de todo el mundo, la mañana siguiente el papa Silvestre pudo celebrar su misa tranquilamente. Ni Cristo ni su notorio antagonista habían asomado la cabeza en el mísero mundo de los seres mortales. El tiempo no se había parado, el cielo no se había abierto y los muertos seguían en sus tumbas. El mundo, imperturbable, había decidido seguir su camino....

Generos y sexualidades frente al nuevo milenio: cambios y resistencias

En la noche entre el año 999 y 1000, la cristiandad entera esperaba, temblando, la segunda venida de Cristo en el día del juicio final. Sin embargo, con gran sorpresa y considerable alivio de todo el mundo, la mañana siguiente el papa Silvestre pudo celebrar su misa tranquilamente. Ni Cristo ni su notorio antagonista habían asomado la cabeza en el mísero mundo de los seres mortales. El tiempo no se había parado, el cielo no se había abierto y los muertos seguían en sus tumbas. El mundo, imperturbable, había decidido seguir su camino....

Fiscal sustainability and fiscal shocks in a dollarized and oil-exporting country: Ecuador

This paper investigates the fiscal sustainability of an emerging, dollarized, oil-exporting country: Ecuador. A cointegrated VAR approach is adopted in testing, first, if the intertemporal budget constraint is satisfied in Ecuador and, second, in identifying the permanent and transitory shocks that affect a fiscal policy characterized by inertia and a heavy dependence on oil revenues. Following confirmation that the debt-GDP ratio does not place the Ecuadorian budget under any pressure, we reformulate the model and identify two forces that push the fiscal system out of equilibrium, namely, economic activity and oil revenues implemented in the government budget. We argue that Ecuador needs to recover control of its monetary policy and to promote the diversification of its economy in order that non-oil tax revenues can replace oil revenues as a pushing force. Finally, we calculate quarterly elasticities of tax revenues with respect to Ecuador’s GDP and that of eight Eurozone countries. We illustrate graphically how the Eurozone countries with low positive or high negative elasticities’ levels suffer debt problems after the crisis. This finding emphasizes the pressing need for Ecuador to strengthen the connection between its tax revenues and output, and also suggests that the convergence of these elasticities in the Eurozone might contribute to the success of an eventually future fiscal union.

Dollarization and the relationship between EMBI and fundamentals Latin American countries

This paper presents empirical evidence on the interrelationship that exists between the evolution of the Emerging Markets Bonds Index (EMBI) and some macroeconomic variables in seven Latin American countries; two of them (Ecuador and Panama), full dollarized. We make use of a Cointegrated Vector framework to analyze the short run effects from 2001 to 2009. The results suggest that EMBI is more stable in dollarized countries and that its evolution influences economic activity in non-dollarized economies; suggesting that investors confidence might be higher in dollarized countries where real and financial economic evolution are less tied than in non-dollarized ones.

Dollarization and the relationship between EMBI and fundamentals Latin American countries

This paper presents empirical evidence on the interrelationship that exists between the evolution of the Emerging Markets Bonds Index (EMBI) and some macroeconomic variables in seven Latin American countries; two of them (Ecuador and Panama), full dollarized. We make use of a Cointegrated Vector framework to analyze the short run effects from 2001 to 2009. The results suggest that EMBI is more stable in dollarized countries and that its evolution influences economic activity in non-dollarized economies; suggesting that investors confidence might be higher in dollarized countries where real and financial economic evolution are less tied than in non-dollarized ones.

Pass-through in dollarized countries: should Ecuador abandon the U.S. Dollar?

In this article we examine the convenience of dollarization for Ecuador today. As Ecuador is strongly integrated financially and commercially with the United States, the exchange rate pass-through should be zero. However, we sustain that rising rates of imports from trade partners other than the United States and subsequent real effective exchange rate depreciations are causing the pass-through to move away from zero. Here, in the framework of the Vector Error Correction Model, we analyse the impulse response function and variance decomposition of the inflation variable. We show that the developing economy of Ecuador is importing inflation from its main trading partners, most of them emerging countries with appreciated currencies. We argue that if Ecuador recovered both its monetary and exchange rate instruments it would be able to fight against inflation. We believe such an analysis could be extended to other countries with pegged exchange rate regimes.