Although the Great Recession is over, Americans remain in debt, whether it is housing debt, student loans, or auto loans. Is it too soon to say that the economy has recovered from the 2008 crisis? And what can be done to prevent another Great Recession? Coming out of the 2008 financial crisis, a main narrative […]
Disparities in the cost of microcredit in Latin America
Textbook economics predicts that greater competition among banks in wealthier countries would drive down the price of borrowing, and setting price ceilings on lending would lead to a shortage of loans. However, both predictions are refuted in a comparison of Bolivia and Mexico, the Latin American states with the highest and lowest interest rates for […]