This paper models incentives and information asymmetries between the different participants in multilateral development banks' decision process, namely borrowing countries, managers and the board of governors (with borrower and non-borrower members). We propose technical cooperation requirements...

This working paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central, but still contested, assumption of the...

This study analyzes the international financial flows of Latin America in order to verify existence and direction of the Stigma Effect. Is the AML/CFT financial regulation that addresses the money laundering and terrorism finance phenomena relevant in shaping the pattern of international banking...