In this paper we provide evidence on the relation between the currency carry trade and currency crashes with the Chilean peso. Using rich information from the local Chilean forward market, we show that speculation over recently high interest rate differentials between the peso and developed...

Using a natural experiment we identify the eect of a particular procedural infor- mation cost on electoral registration of young first-time voters. Given that registration closing day is typically before election day, first-time voters who become eligible as they reach the minimum age...