La CNV modificó su Código de Gobierno Societario (GS) para las Emisoras que cuentan con autorización de oferta pública de sus acciones y obligaciones negociables, quedando exentas las pequeñas y medianas empresas (Pymes) de cualquier requerimiento que haga a buenas prácticas, a pesar de...

This paper analyzes the relationship between the quality of the commercial credit portfolio and diversification in the financial entities of Argentina during the period 1998-2006. To this effect, a database of the financial sector (banking and non-banking) is used, which allows to consider three...

Until the eruption of the 2007-2008 international crisis, the decade was characterized by a high growth of credit - especially credit lines for consumption - and of GDP in a large part of the developed and developing worlds. By the end of the period, the process coincided with increasing...

The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a significant impact on per capita GDP by providing means of payment. An annual database of 85 countries spanning the 1980-2008 period is exploited to this end. On the descriptive front,...

The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit changes and output changes. Standard correlation methods, stateof-the-art panel Granger causality tests, and panel regressions were applied on a maximum sample of 144 countries over...

This paper develops a conceptual framework and offers new statistical evidence on the access to credit by micro, small, and medium enterprises (MSMEs) in Guatemala and Nicaragua. To this end, and after reviewing the existing literature on the topic, it produces new empirical evidence drawn from...

The paper investigates the effect of remittances on the coverage of financial deficits arising during youth and retirement years and their influence on some household behaviors. To this end, household survey information is used from Ecuador, Honduras, Mexico and Nicaragua to perform a number of...

El presente documento analiza el grado de acceso al crédito por parte de las pequeñas y medianas empresas en Argentina. A tal efecto, el estudio revisa críticamente diversos preconceptos de amplia difusión entre los encargados de política e incluso entre especialistas en el tema. En...

Our paper sets up a simple model to assess, to the best of our knowledge for the first time, the relative pros and cons of housing downpayment and interest rate subsidies on the access to and the stability of the mortgage market. Our analysis unveils a number of relevant policy lessons for the...