Using a large set of panel data for Ecuadorian firms, the authors analyze the role of capital market imperfections in investment decisions and investigate whether the financial reforms introduced in the 1980s in Ecuador succeeded in relaxing financial constraints. To facilitate capital...

The authors discuss two effects of financial liberalization, using panel data for Ecuadorian firms. After describing the main thrust of the reforms and the general macroeconomic developments, they document the changes that occurred in the firms'financial structure and in the allocation of...

Using a large panel of Ecuadorian firms, this paper analyzes the role of capital market imperfections for investment decisions, and investigates whether the financial reforms introduced in the 80’s have succeeded in relaxing financial constraints. The model allows both for an increase cost of...

In this paper we investigate whether financial liberalization improves the efficiency with which investment funds are allocated. We develop a simple measure of efficiency and apply it to firm level panel data for Indonesia and Ecuador. We find evidence that financial liberalization has indeed...

This article analyzes the impact of free-banking on the banking sector in Latin America in the 19th and early 20th centuries. I use data for seven countries to compare the entry of banks and the growth of bank output prior and after the enactment of free-banking laws to determine whether...

This study analyses the distributive consequences associated with the recent international food price crisis in the Andean region. The study explores the distributive repercussions of the crisis by means of a simple simulation exercise which isolates the direct and short-term effects of actual...

Comenta el reciente libro "Empresas británicas, economía y política en el Perú, 1850-1934" de Rory Miller, el cual representa una contribución significativa para la comprensión de nuestra historia económica y empresarial.

This article examines the impact of legal and economic factors on the growth of commercial banking in Latin America in the 19th and early 20th centuries. Using annual data for five countries for the period 1840–1920, this article shows that growth in exports had a significant effect on the...

Este artículo analiza el papel de las mujeres y la discriminación por género en el mercado de crédito hipotecario en Perú entre 1860 y 1875. Basándonos en una muestra significativa de préstamos notariales, el artículo muestra que las mujeres participaron en el mercado de crédito como...