Taking advantage of the largest financial inclusion program in Colombia, we estimate how increasing the access to such services for the poor impacts money laundering indicators in the country. We find that even though, on average, government's indicators of money laundering activities in...

Traditional theories of democracy suggest that political representation of excluded groups can reduce their incentives to engage in conflict. We consider the response of elites whose power is threatened by new political actors and study the consequences of political inclusion in a context of...