type="main" xml:id="ecpo12028-abs-0001" <p>This study explores the level of compliance and the subsequent economic performance of states in the context of anti-money laundering (AML) regulations. Following Holmstrom and Tirole (1997) and Obstfeld and Rogoff (1998), we examine why countries admit...</p>

The purpose of this paper is to analyze the role of credits, R&D spending, and fiscal policy in contributing to reduce volatility, and enhance the adjustment capacity to shocks. The foregoing is especially relevant for emerging countries like Chile, which are frequently threatened by external...