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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...

Financial crises have become part of the economic landscape around the world and in Latin America in particular. Substantial effort is being nowadays devoted to understand and prevent crises, but less work has been advan...

One of the problems which has plagued those attempting to predict the behavior of capital markets is the absence of a body of positive microeconomic theory dealing with conditions of risk. Although many useful insights c...