This paper studies the widening of wage differentials between skilled and unskilled workers after the major trade liberalization effort that took place in Mexico between 1986 and 1990. In contrast with the implications of the Stolper-Samuelson theorem, that the abundant factor should gain from...

This paper examines the effects on the supply of credit of the concentration of financial institutions in Argentina that followed the crisis caused by the December 1994 devaluation of the Mexican peso. While the concentration process may have improved the efficiency of domestic financial...

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...