This paper complements previous studies by arguing that the low private savings ratio in Latin America can be associated with the limited confidence of households and businesses in domestic financial institutions. Previous studies have established a relationship between private savings and...

This new high profile report provides details of taxes paid on wages in twenty economies in Latin America and the Caribbean. It covers: personal income taxes and social security contributions paid by employees; social security contributions and payroll taxes paid by employers; cash benefits...

Introduction -- The costs and benefits of protecting creditor rights: theory and evidence / Atilano Jorge Padilla and Alejandro Requejo -- Information sharing in credit markets: theory and evidence / Tullio Jappelli and Marco Pagano -- The political economy of debt moratoria, bailouts and...