We use household survey data to investigate the effects of formal, private property rights to agricultural land on agricultural investment, land valuation and access to credit in Tanzania. Results show that while there are no detectable effects of formal, private land property rights (written...

Introduction : South America's institutions and culture affecting real estate investment : can path dependency be broken? -- Comparative overview of key real estate drivers -- Commercial real estate in South America -- Residential real estate in South America -- Real estate funding in South...

We build a model in which financial intermediaries provide insurance to households against a liquidity shock. Households can also invest directly on a financial market if they pay a cost. In equilibrium, the ability of intermediaries to share risk is constrained by the market. This can be...