Author Description

This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries.Contents include:Globalization Hazard and Delayed Reform in Emerging MarketsGuillermo Calvo (Inter-American Development Bank)The Politics of Legal ReformFlorencio Lopez de Silanes (Yale University and NBER)Inflation Targeting in Chile, Brazil, and Mexico: Performance, Credibility, and the Exchange RateAlejandro Werner (Banco de Mexico) and Klaus Schmidt-Hebbel (Banco Central de Chile)Telecommunications Reform, Access Regulation, and Internet Adoption in Latin America Antonio Estache (World Bank and Ecares), Marco Manacorda (London School of Economics and CEP), and Tommaso M. Valletti (Imperial College Management School and CPR)Equity and Educational Performance: Evidence from Bolivia and ChileComments by Miguel Urquiola and Omar AriasEvaluating the Impact of School Decentralization on Education QualityComments by Eric A. Hanushek and Mariano Tommasi