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We study the bancarization of marginal borrowers using credit cards and document that this process is difficult: default risk is substantial, returns heterogeneous, and account closings common. We also take advantage of a randomized control trial that varied interest rates and minimum payments...
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homicides in 2008-2011 in Mexico resulting from its war on organized drug traffickers to estimate the effect of drug … in drug-related crime is not high. We estimate it to be approximately 0.1% of Mexico's GDP. …
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representative sample of consumers with two homogeneous cards in Mexico. We find that relative prices are a very weak predictor of …
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