Consumer protection in financial markets in the form of information disclosure is high on governments agendas, despite the fact that the empirical evidence on its effectiveness is scarce. To measure the impact of Truth-in-Lending-Act-type disclosures on default and indebtedness, as well as of...

While recent literature has pointed out that migrants ́remittances have a positive impact on savings with financial institutions, findings with respect to access to and the use of loans have been ambiguous. This paper investigates whether the reception of remittances facilitates taking up loans...

There is no clear theoretical prediction about whether a positive income shock stemming from higher remittances should complement or substitute for credit. Accordingly, existing studies in the empirical literature have found opposing results. This paper reconciles these seemingly contradictory...