In 2011, Colombia instituted a tax on repayment of bank loans, thereby increasing the cost of short-term bank credit more than long-term credit. Firms responded by cutting their short-term loans for liquidity management purposes and increasing their use of cash and trade credit. In industries...

Financial knowledge is critical for making sound decisions that foster financial health and protect consumers from predation. A widely-used tool for building this capability is financial education. Yet evidence suggests that conventional approaches which teach concepts in classroom-style...

Global access to preschool has increased dramatically, yet preschool quality is often poor and evidence on how to improve it is scarce. We worked with the government of Colombia to implement a largescale randomized controlled trial evaluating two interventions targeting the quality of public...