calibrate the model to the Brazilian economy to evaluate the impact of removing financial frictions on informality. We find that … of financial development, we find a non-linear relationship between the credit-to-GDP ratio on the one hand, and either … alternative policy and find it to be more effective in countries with a medium to high level of financial markets development …

regulation burden, financial market development, and the quality of the legal system. We revisit this issue by using an … integrated dataset which contains rich information on all these aspects. Testing the channels affecting the degree of informality …, we find evidence that all previously identified factors indeed play a role in driving informality. In particular, and …

Labor markets in Latin America and the Caribbean (LAC) are characterized by high levels of informality and relatively …

informality in Vietnam by examining: (i) the nature of labor informality and transitions from formal to informal employment status … determinants of informality using within-in country variation in the business climate and governance; and (iii) whether different … impediments contribute to high levels of informality and points to the need for a comprehensive agenda to tackle informality …

This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our … entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by … lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the …

recognized as being critical building blocks for the structure, development and functioning of LCBMs. This Working Paper seeks to … for the development of LCBMs that would adequately address common challenges and impediments …