The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial...

Introduction -- The costs and benefits of protecting creditor rights: theory and evidence / Atilano Jorge Padilla and Alejandro Requejo -- Information sharing in credit markets: theory and evidence / Tullio Jappelli and Marco Pagano -- The political economy of debt moratoria, bailouts and...

This paper analyzes extractive industries in Colombia and their connections to other economic activities in the country. We use detailed social security data on all formal employees to create an industry-relatedness measure using labor flows between industries. Drawing on the vast network...