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We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit supply to exogenous shocks...

Este trabajo utiliza por primera vez información de encuestas de hogares para América Latina para investigar el grado y los efectos del acceso al crédito en el ingreso y la educación en los hogares pobres. Con este p...

The 1990s emerging-markets crises were characterized by sudden reversals in inflows of foreign capital followed by unusually large declines in current account deficits, private expenditures, production, and prices of non...

Microbusinesses play a crucial role in Argentina’s economy, providing employment and supporting local development. However, their growth and sustainability are constrained by persistent challenges, including inflation,...

Our study critically surveys financial inclusion in Latin American and Caribbean countries, gauging access to both credit and deposit accounts by poor households. Our review confirms some pieces of conventional wisdom in...

This paper develops a conceptual framework and offers new statistical evidence on the access to credit by micro, small, and medium enterprises (MSMEs) in Guatemala and Nicaragua. To this end, and after reviewing the exis...

This work discusses the determinants of the access to credit for a sample of about 140 Argentine small and medium firms, based on a unique database gathered by the Union Industrial Argentina in 1999. Among other findings...

In the context of the financialization of housing and everyday life, mortgage credits and other forms of indebtedness have become key factors. Recent studies have explored the idea of debt as power relations mainly i...