Crisis from the South /3

The Inter-American Development Bank publishes today on its web-site previsions for remittance flows in 2009 to Latin America: they will go down for the first time since 2000. And different countries are experiencing different situation. The Andean region is effected worse by the decline of the euro whereas the Mesoamerica region sees a strong dollar partially counterbalance the decrease in money flow.

According to the Banco de Guatemala, in the first two month of 2009 remittances to the country have diminished by 9.59% comparing with same period of 2008.

Monday, 16 March 2009

Crisis from the South

According to Banco de Guatemala, for the first time since 1999, in January 2009 remittances from abroad decreased by 7.75% compared to the same month in 2008. In Guatemala remittance  flows represent 11.89% of GDP. According to the World Bank remittances can represent more than 50% of rurally-based family income and for the International Organization for Migration 30.4% of the population receives money from abroad.

Causes? Probably economic crisis and deportation of  illegal immigrants from the US.

Something is certain: remittances are a strong factor in reducing poverty in Guatemala. If flows continue to decrease is more than probable that poverty will rise in a country where, according to the government, 45,6% of children are already underweight.

Monday, 16 February 2009


Twitter: frbailo




  • RDCOMClient : A Simple Libor IRS Pricing with OIS Discounting
    This post shows a simple example which uses the RDCOMClient R package. As an example, A Libor IRS pricing with OIS discounting is presented with the help of a VBA macro code from Mikael Katajamäki's source with proper citation (this should be always... Continue reading: RDCOMClient : A Simple Libor IRS Pricing with OIS Discounting
  • parallel grid search cross-validation using `crossvalidation`
    parallel grid search cross-validation using `crossvalidation`. Continue reading: parallel grid search cross-validation using `crossvalidation`
  • Working with tree-based hierarchies using data.tree
    Lately I tried to visualize an hierarchy with Tableau Desktop. The problem was that the hierarchy had a variable depth because it was tree-based. Each row had an id and a parent_id. Normally hierarchies in Tableau are defined by pulling some fields together, such as product category, product group ... Continue reading: Working with tree-based […]
  • How to Calculate Mean Absolute Error in R
    Mean Absolute Error in R, when we do modeling always need to measure the accuracy of the model fit. The mean absolute error (MAE)... The post How to Calculate Mean Absolute Error in R appeared first on finnstats. Continue reading: How to Calculate Mean Absolute Error in R
  • Is it worth the weight?
    Intro Oh man, I did it again. Grab a coffee, this is going to be a long one. Weights got me confused. The justification for using weights seems simple enough; if you’re working with a sample in which one (or more) strata are over(under)-represented, you should compute ... Continue reading: Is it worth the weight?

RSS Simply Statistics

  • Streamline - tidy data as a service
    Tldr: We started a company called Streamline Data Science that offers tidy data as a service. We are looking for customers, partnerships and employees as we scale up after closing our funding round! Most of my career, I have worked in the muck of data cleaning. In the world of genomics, a lot of […]
  • The Four Jobs of the Data Scientist
    In 2019 I wrote a post about The Tentpoles of Data Science that tried to distill the key skills of the data scientist. In the post I wrote: When I ask myself the question “What is data science?” I tend to think of the following five components. Data science is (1) the application of design […]
  • Palantir Shows Its Cards
    File this under long-term followup, but just about four years ago I wrote about Palantir, the previously secretive but now soon to be public data science company, and how its valuation was a commentary on the value of data science more generally. Well, just recently Palantir filed to go public and therefore submitted a registration […]

RSS Statistical Modeling, Causal Inference, and Social Science