This paper exploits a liquidity shock from a large-scale welfare programme in Brazil to investigate the importance of credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on how liquidity shocks change recipients' behaviour...

This paper exploits a liquidity shock from a large-scale welfare programme in Brazil to investigate the importance of credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on how liquidity shocks change recipients' behaviour...

What does the creation of a new big social programme adds as innovative to fight against poverty in Mexico ? Such a programme allows overcoming poverty ? Does it help a wider integration of the Mexican society ? Human development being the major objective, the Progresa-Oportunidades Programme...

In the context of the increasing prominence of conditional cash transfers (CCTs) in the development agenda of many developing countries, this Country Study provides an analytic overview of the challenges faced by El Salvador?s CCT programme, Red Solidaria, (Solidarity Network). The purpose is to...