Sep 2001
Author(s): Kapsoli, Javier; Galindo, Arturo; Márquez, Gustavo; Daude, Christian; Melo, Alberto; Miller, Margaret; Jansson, Tor; Pagés, Carmen; Micco, Alejandro; Chong, Alberto E.; Székely, Miguel; Millán, Jaime; Lora, Eduardo; Stein, Ernesto H.; Pérez, Natalia
Participar en la economía mundial no lleva necesariamente a elevar la productividad de una nación ni a reestructurar su economía. Estos cambios requieren movilizar capital, empleo, tecnología y…
Sep 2001
Author(s): Kapsoli, Javier; Galindo, Arturo; Márquez, Gustavo; Daude, Christian; Melo, Alberto; Miller, Margaret; Jansson, Tor; Pagés, Carmen; Micco, Alejandro; Chong, Alberto E.; Székely, Miguel; Millán, Jaime; Lora, Eduardo; Stein, Ernesto H.; Pérez, Natalia
Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge.…
Mar 2001
Author(s): Galindo, Arturo; Micco, Alejandro
We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit…
Mar 2001
Author(s): Galindo, Arturo; Calderón, César; Chong, Alberto E.
We explore the links between trust and a broad range of financial structure and development measures. Our base sample is a cross section of 48 countries and the analysis covers the period 1980-1994.…
Mar 2001
Author(s): Galindo, Arturo
This paper reviews empirical evidence on the impact of creditor rights regulations on credit market breadth and the credit cycle. It confirms results that were questioned regarding the impact of…