This article analyses the way in which different socio-political configurations have had a significant effect on the economic development of Argentina, Brasil and Mexico. The characteristics of the socio-political coalitions in the three countries are presented, and their imprints on industrial...

This paper analyses the role of bank-related constraints in explaining the sharp slowdown in bank lending to non-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the individual responses of the banks...

This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on cross-border bank flows from 17 advanced to 28...

Hospital heterogeneity is a major issue in defining a reimbursement system. If hospitals are heterogeneous, it is difficult to distinguish which part of the differences in costs is due to cost containment efforts and which part cannot be reduced, because it is due to other unobserved sources of...

This article analyses an individual microcredit program developed in Rio’s shantytowns. We study its selection criteria and the determinants of borrowers’ repayment performance. More specifically, this work aims to study the link between informality and credit discipline. First, we question...

Using panel data from Argentina during the 1990’s, this paper concludes that, in Argentina, income ‘mobiles’ did change over time. Among the household variables with a structural relation with income dynamics, we find university education, protecting from income declines though not...