The authors analyze the data of credit card holding and usage in Mexico, through a sample selection model. They find that some features of the household, such as income, head's education level and ownership of assets that can be used as collateral are related with the decision of having a credit...

This paper uses the switching probability regimes methodology to estimate the determinants of financial crisis, measured in changes in the stochastic regimes of interest and exchange rates. We use Mexico to perform the exercise. Results suggest that public debt structure is important in...