This fine book should be read not just by specialists in the economic history of Latin America. The more general reader will see useful applications of many of the theories of modern international finance, including empirical work showing that gold flows were consistent with the monetary...

This article describes the evolution of the Brazilian mutual fund industry, its regulatory framework, organization, types of investors and managers, economic environment and its relative growth. It shows the evolution of this industry in Brazil and its idiosyncrasies providing a deeper look into...

The social capital has strengthened the solidarity funds when the legal mechanisms and institutions for monitoring and assistance would not have been present. The aim of this paper is to analyze the effect of social capital on productivity and performance of the Mexican solidarity funds. For...

Social capital has strengthened the solidarity funds when the legal mechanisms and institutions for monitoring and assistance are not present. The aim of this paper is to analyze the effect of social capital on productivity and performance of microfinance’s cooperatives using the Mexican...

Wherever dechristianisation could not have possibly materialised, in those polities which abandoned God to start with, since the Fall to the eschaton, slavery was never substantially execrated, having continued to this day, net of abolitionism, in globalisation. Thence the perduring Arab slave...

Latin American banking sector has undergone tremendous changes over the years as a result of changes in regulation, globalization and developments in Telecommunications and Information Technology. A very important development has been financial liberalization where Latin America opened its doors...

Mexico is retrogressing, becoming an unpredictable and risky jurisdiction for the adjudication of legitimate claims involving domestic and international lenders and investors. This conclusion follows from an analysis of the precedent-setting corporate workout involving a major Mexican...

This paper proposes a methodology to calculate the systemic risk in historical research, understanding that the characteristics of non modern financial systems and the availability of information do not enable the use of recent techniques of measuring financial risk. I propose a method of simple...

Why have Latin American and Caribbean countries (LAC countries) not replicated Western economic success? We investigate the reasons behind the economic stagnation of LAC countries for the past four decades. We utilize a nonparametric Malmquist productivity index for relevant cross-country and...

Microfinance has made and continues to do a lot of debate. In these debates, an under-documented aspect is the impacts on recipients’ behavior. Through an empirical study on a sample of 500 beneficiaries of microfinance in Haiti, we mobilize the new theoretical framework of institutional...