In Guatemala there are substantial and growing imbalances in the housing market; at the same time, financial markets remain shallow and underdeveloped. The analytical framework applied in this paper starts by identifying the types of market failures responsible for the underdevelopment of the...

In 2001, Mexico introduced a comprehensive federal housing policy package. The results have been quantitatively impressive; however, there are qualitative concerns. It is also uncertain whether current subsidy programs have negative financial implications for participating mortgage issuers, as...

En la medida en que la escasez de recursos propios no permite a los gobiernos locales atender adecuadamente las nuevas competencias asignadas por los procesos de descentralización de la región, mejorar la calidad del gasto público local adquiere una singular importancia para aumentar el...