Exogenous, unobserved factors often confound the effects of alliance networks. More capable farmers might be less likely to exit and more likely to have a large number of alliances. In this case the negative correlation between alliance network size and exit likelihood is due to the unobserved...

Are consumers who have filed for personal bankruptcy before excluded from the unsecured credit market? Using a unique data set of credit card mailings, we directly explore the supply of unsecured credit to consumers with the most conspicuous default risk--those with a bankruptcy history. On...

This report is one of a series of best practice papers that stem from a regional conference on the development of mortgage securitization held at the IDB. Using Mexico as an example, this paper focuses on the elements of the primary mortgage market that are relevant to establish a secondary...