Georgetown Public Policy Review
Policy Shaping Our Future
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 […]
Financial discipline at Mexico’s subnational level still has a long way to go if public finance administration is not considered as part of the reform agenda. This article sparks a debate about public financial management core issues perhaps influencing borrowing decisions at the subnational level.