This paper studies the role played by several financial and economic indicators in determining the process of bank failure in Argentina after the Mexican crisis known as the “tequila effect”. Due to the relative scarcity of previous studies, this paper priorizes the use of semiparametric and...

Loan rates in Argentina are high. The objective of this work is to test if market power is one of the causes of these levels of interest rates and to measure its effects. For that purpose we work with data of the period 1994-1999. The tests indicate that there is market power in the peso...

This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio of quarterly capital inflow to quarterly (annualized) GDP...

This paper studies the role played by several bank specific financial indicators in determining the process of bank failure in Argentina after the Mexican crisis known as the quot;tequila effectquot;. Due to the relative scarcity of previous studies, this paper priorizes the use of...

This article assesses several recent studies in the manpower training evaluation literature claiming that (1) nonexperimental methods of program evaluation produce unreliable estimates of program impacts and (2) randomized experiments are necessary to produce reliable ones. We present a more...

This work estimates the impact of Private Credit to the private sector and Liquid Liabilities (as measures of financial development) on economic growth, capital growth and productivity growth for different regions. Estimations are conducted with a panel database of 78 countries and 35 years...