Can distance-related information asymmetries in credit markets be overcome with contract design and credit scoring models? To answer this question, we explore differences in foreign and domestic banks' credit contract terms and pricing models. Using a sample of firms that borrow from both...

We performed a study of the Bolivian high-value payment system between 2015 and 2020 and of the network of interbank exposures between 2018 and 2020. We characterize the network structure of these systems and perform a systemic risk analysis. We find that the connectivity of the payment network...