Honduras
Cover -- CONTENTS -- BENCHMARKING SOCIAL SPENDING USING EFFICIENCY FRONTIERS -- A. Background -- B. Benchmarking Methodology -- C. Empirical Results -- D. Implications and Policy Recommendations -- References -- FIGURES -- 1. Public Spending Cross-country Comparisons -- 2. Technical and Allocative -- 3. Benchmarking Education Spending -- 4. Benchmarking Health Spending -- 5. Selected Inputs and Outputs Comparisons -- CORRUPTION, VIOLENCE, AND ECONOMIC GROWTH -- A. Introduction -- B. Theoretical Considerations -- C. Recent Developments -- D. Empirical Results and Model Simulations -- References -- FIGURES -- 1. History of Crime and Corruption in Central America -- 2. High Levels of Corruption Are Associated with… -- MACROECONOMIC IMPACT OF LOWER OIL PRICES IN HONDURAS -- A. Introduction -- B. Methodology -- C. Results -- D. Conclusion -- References -- FIGURES -- 1. Oil Imports and Current Account Balance -- 2. Impulse Response Functions to Structural Shocks -- 3. Impulse Response Functions of Quarter-On-Quarter GDP Growth To Three Structural Shocks -- 4. Cumulative Medium-Term Effect of Oil Shocks in Central America -- BANKING SECTOR STABILITY IN HONDURAS -- A. Introduction -- B. Structure of the Banking System -- C. Credit Cycle -- D. Balance Sheet Soundness Indicators -- E. Banking Sector Stress Tests -- F. Spillovers from International Banking Sector Stress -- G. Conclusion -- References -- TABLES -- 1. Size and Structure of the Financial System -- 2. Banking Sector Soundness Indicator Map -- 3. Banks Sectoral Allocation of Private Credit and Credit Dollarization -- 4. Central America: Comparative Financial Soundness Indicator Map -- 5. Banks Stress Tests Results -- 6. Summary of Combination Shock Bank Stress Test Results -- 7. Spillovers from International Banking Sector Stress -- FIGURES.