The importance of Low-Value Payment Systems (LVPS) in economies is undeniable. Safe and efficient LVPS promote financial inclusion, economy formalization, and reduce transactional costs for agents. In this article, we study the role of cash and electronic payments in the payment ecosystems of…
Arias-Rodríguez, Fernando
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Colombia consistently exhibits one of the lowest levels of productivity in Latin America in relative terms compared to developed countries. Between 1951 and 2015, Colombia's total factor productivity is, on average, just a little more than half that of the United States. This immense gap in…
Journal Essays on Economic Policy (ESPE) - Fiscal policy and macroeconomic stabilization in Colombia
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- Publicación |"Although these frictions affect various credit markets, they are especially relevant in rural areas of developing countries due to transportation difficulties and lack of formal documentation.”
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