Switching costs are a leading cause of customer lock-in in banking, reducing the extent of competition and increasing market power in this industry. This paper tries to estimate these costs using a methodology that does not require customer microdata. The estimates obtained here—using bank...

Several studies have tried to identify the relationship between growth and misaligned or overvalued currencies. Many works (Easterly (2001) and Fajnzylber et alii (2002)), find negative correlations between exchange rate misalignment and growth for a long list of developing countries since the...

In this paper, we aim to investigate the optimum values for the termination rate on mobile networks in Brazil. In order to do so, initially we provide an overview of the legal framework on the subject since the privatization in the beginning of the 90’s. In the second section, we provide a...