It is disputed whether trade liberalisation processes are sufficient for reducing poverty and inequality. We explore how ‘gains from trade' have been distributed in the two minor trade partners of Mercosur, Uruguay and Paraguay, by analysing the impact of trade liberalisation on poverty and...

This paper examines the disparity in default risk between vulnerable and non-vulnerable populations in consumer lending. We merge an exhaustive registry of loans granted in the financial system with microdata on vulnerable individuals applying for social programs. We estimate the sources of this...

Although there were external shocks and changes in macroeconomic and income policies, the poverty indexes did not register important variations in Uruguay (1980-1990). But the fluctuations in average income suggest that the levels of absolute poverty could have been affected. Anyway, the...