This paper tests Bester's (1985, 1987) prediction about the separating role ofcontracts that involve both interest rates and collateral in credit markets. To test thisprediction we use data from natural credit markets and controlled experiments. Using asample of credits to small and medium size...

En los decenios recien pasados los paises del Asia Oriental han experimentado un desarrollo economico mas satisfactorio que el de los paises latinoamericanos. Se han propuesto numerosas interpretaciones para explicar esta disparidad. El presente trabajo considera la hipotesis de que, debido a...

Migration has been a difficult phenomenon to measure because of its volatile characteristics and the number of models that explain the essential incentives of the process. In Bolivia there are few quantitative studies of international migratory movements, however, there are records that reflect...