Rojas, Mariano; Rojas, Luis Alejandro - In: El Trimestre Económico LXVI (2) (1999) 262, pp. 227-258
This paper studies a preferential credit program of one of Mexico’s main development banks. This program provides credit a relatively low interest rates to specially targeted producers. However, when appraising the cost of credit it is necessary to go beyond its financial cost (the intererest...