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This article examines the propositions that wealth inequality supports credit market segmentation and that the financial system may reproduce economic inequality. Specifically, we discuss how the sources of credit and the purposes of borrowing may help perpetuate inequality. In Ecuador, the asset...


Deere, Carmen DianaCatanzarite, Zachary B.Who borrows to accumulate assets? Class, gender and indebtedness in Ecuador’s credit market

Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed...


Bustillo, InésPerrotti, Daniel E.Velloso, HelviaSovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads

Presentado en tres capitulos, el primero plantea las caracteristicas de la politica economica aplicada a partir de 1974, basada en la apertura comercial y financiera hacia el exterior, en la liberalizacion rapida del mercado cambiario y la reduccion gradual de los aranceles. El capitulo 2 examina...


En el presente artículo se examinan los planteos de que la desigual distribución de la riqueza explica la segmentación del mercado crediticio y que el sistema financiero puede reproducir la desigualdad económica. En particular, examinamos de qué modo las fuentes del crédito y la finalidad de los ...


Deere, Carmen DianaCatanzarite, Zachary B.¿Quién obtiene préstamos para acumular activos? Clase, género y endeudamiento en el mercado crediticio del Ecuador

Mendes de Paula, GermanoSousa Ribeiro, Karem Cristina deSilva de Almeida, NeirilaineBond issuance and corporate governance in Brazil: a multi-case analysis

Mendes de Paula, GermanoSousa Ribeiro, Karem Cristina deSilva de Almeida, NeirilaineCorporate governance and corporate debt issuance in Latin America: institutional investors, investment banks, rating agencies and new empirical evidence

ECLAC advocates that the Caribbean’s high debt dilemma was not principally driven by policy missteps, or the international financial crisis. Rather, it finds its roots in external shocks, compounded by the inherent structural weaknesses and vulnerabilities confronting Caribbean SIDS and their lim...


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