This paper assesses the resilience of Paraguay's economic and financial stability to external shocks. To this end, the paper expands on previous work by Rojas-Suarez (2015) and constructs a resilience indicator that has two dimensions: the first refers to the capacity of an economy to withstand...

This paper constructs and index of regulatory quality for improving financial inclusion for the purpose of assessing and comparing the quality of rules and regulations in a sample of eight Latin American countries. The index comprises 11 regulatory practices classified into three categories:...

This paper shows that, in spite of recent progress in the usage of alternative financial services by adult populations, Latin America's financial inclusion gaps relative to either high-income countries or the region's comparators (countries with a similar degree of development) have not reduced...