This paper provides evidence on what affects the marginal cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. While some...

(Disponible en idioma inglés únicamente) En este trabajo se presenta un modelo de ciclo político presupuestario racional para una economía abierta en el que las devaluaciones se demoran en el período preelectoral, a fin de aumentar las probabilidades electorales del partido oficialista. Los...

This paper presents a rational political budget cycle model for an open economy, in which devaluations are delayed in the pre-election period so as to increase the electoral chances of the party in office. By concentrating on closed economies, previous political cycle models had overlooked the...