Floods, hurricanes and earthquakes occur every year in Mexico. These natural phenomena can be considered as catastrophes if they produce large economic damages in the affected areas. In these cases it is required a huge amount of money to provide relief to the catastrophe victims and areas....

When a person makes an installment purchase of a durable good it is possible that he/she will be unable to make the periodical payments because he/she losses his/her employment involuntarily. This is an issue both to the borrower as well as to the creditor. The borrower can be deprived of the...