Apr 2013
Author(s): Galindo, Arturo; Meléndez Arjona, Marcela
Credit has been found to be a catalyst for economic growth, as it spurs investment, enhances productivity, allows costs to be spread out over time, improves resource allocation, and enables investors…
Jan 2013
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana; del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…