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This paper explores the impact of international financial integration on credit markets in Latin America, using a cross-country dataset covering 17 countries between 1996 and 2008. It is found that financial integration amplifies the impact of international financial shocks on aggregate credit...
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Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups previously excluded from formal financial services, but they often charge interest rates that many claim are excessive. We examine microfinance interest rates and their...
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could be enhanced. The inclusion in the strategic asset allocation decision of external shocks' hedging strategies, which … may increase the market value of the reserves' portfolio when reserves are more needed, can help to enhance the risk … management of the national balance sheet. This paper presents a framework that seeks to enhance the strategic asset allocation of …
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Using a unique dataset with information on the currency composition of firms' assets and liabilities in six Latin-American countries, I investigate how the choice of exchange rate regime affects firms' foreign currency borrowing decisions and the associated currency mismatches in their balance...
Persistent link: https://www.econbiz.de/10013108617