• Acceso al financiamiento de la pequeña y mediana empresa en Colombia: retos de política pública 

      Meléndez, Marcela (CAF; Caracas, 2011)
      Este artículo presenta de manera resumida las reflexiones y hallazgos de trabajos previos sobre el acceso al financiamiento de PYMES con el propósito de que la discusión de aspectos del caso Colombiano sirva para aportar ...
    • Acceso al financiamiento de las pymes 

      Álvarez, Fernando; López, Oswaldo; Toledo, Manuel (CAF; Caracas, 2021-07-13)
      La crisis del COVID-19 tendrá impactos importantes en el sector productivo, especialmente en las pymes más vulnerables a este tipo de choques por su dependencia del flujo de caja y su deficiente acceso al financiamiento. ...
    • Access to Financing of SMEs in Argentina 

      Pasquini, Ricardo; De Giovanni, Martín (CAF; Caracas, 2010)
      In this paper, we examine SMEs in Argentina in search for a measurement of those who are credit constrained. We also estimate a model for the determinants of credit rejection taking into account those that are self-excluded. ...
    • An exploratory study of entrepeneurial ventures in Argentina, their financing and first years' growth 

      Pasquini, Ricardo; Mastroscello, Laura; Valli, Fenando; Segovia, Rodrigo (CAF; Caracas, 2012)
      This is a study of entrepreneurial ventures in Argentina, in particular regarding their finance and growth in their early years. We sample young manufacturing SMEs (i.e., with an average of six years and a maximum of ten ...
    • Banking Services Supply and Micro Firm Performance: Evidence from Colombia 

      Álvarez, Fernando; Meléndez, Marcela (CAF; Caracas, 2010)
      This paper uses a dataset of a survey of Colombian micro firms from 2003 to 2007 in combination with data from publicly available sources about banking services supply at the municipality level, to assess the impact of the ...
    • Brechas de género en las encuestas de capacidades financieras de CAF: Brasil, Colombia, Ecuador y Perú 

      Auricchio, Barbara; Azar, Karina; Lara, Edgar; Mejía, Diana; Valdez, Meyly (CAF; Caracas, 2021-03-08)
      La educación financiera permite que las personas, familias y mipymes estén más informadas y adquieran una mayor comprensión de los temas económicos y financieros; les proporciona facultades para discernir y tomar una ...
    • Broadband Funding Mechanisms 

      Katz, Raúl (CAF; Caracas, 2014)
      This paper reviews funding models to support the deployment of broadband technology. The success or failure of a broadband deployment project is primarily a function of two factors: the investment model that assesses the ...
    • Business Cycles in Emerging Markets: the Role of Durable Goods and Financial Frictions 

      Álvarez, Fernando; Brandao-Marques, Luis; Toledo, Manuel (CAF; Caracas, 2012)
      There is a growing literature studying business cycles in emerging economies. This paper contributes to this literature by examining how durable goods and financial frictions shape cyclical fluctuations in a small open ...
    • Can a Mining Windfall Improve Welfare? Evidence from Peru with Municipal Level Data 

      Arreaza, Adriana; Reuter, Alexandra (CAF; Caracas, 2012)
      In this paper we investigate whether fiscal performance is affected by the presence of natural resource revenues. We compare policy outcomes from mineral-abundant municipalities and non mineral-abundant municipalities in ...
    • Capital Controls and Firm Performance: The Effects of the Chilean Encaje 

      Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina (CAF; Santiago de Chile, 2017-11-30)
      This paper studies the effects of the capital controls imposed by Chile between 1991 and 1998, i.e. the Chilean encaje, on firms' production, investment and exporting decisions. We use a general equilibrium model with ...
    • Credit Constraints for Higher Education 

      Solis, Alex (CAF; Caracas, 2011)
      This paper addresses the importance of credit constraints explaining the gap on college enrollment between students coming from rich and poor families. Measuring the effect of credit constraints on college enrollment is ...
    • Los desafíos para la igualdad de género en América Latina. Documento de trabajo 

      Aguirre, Guadalupe; Arvay, Irene; Auricchio, Bárbara; Berniell, Lucila; de la Mata, Dolores; Fainstain, Luciana; Lara, Edgar; Mejía, Diana; Palacios, Angie (CAF; Caracas, 2022-03-25)
      Este documento de trabajo expone los principales desafíos para lograr una igualdad sustantiva en la región, así como recomendaciones de políticas para avanzar la consecución de la igualdad de género y el empoderamiento de ...
    • Distorsions, resource al location and productivity in Latin America 

      Guner, Nezih; Ventura, Gustavo (CAF; Caracas, 2012)
      We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate such model to U.S. data, and use it to evaluate the interplay between ...
    • Economic Shocks and Crime: Evidence from the Crash of Ponzi Schemes 

      Cortés, Darwin; Santamaría, Julieth; Vargas, Juan (CAF; Caracas, 2016-03-14)
      In November 2008, Colombian authorities dismantled a network of Ponzi schemes, making hundreds of thousands of investors lose tens of millions of dollars throughout the country. Using original data on the geographical ...
    • Efectos dinámicos de los precios de las materias primas en las posiciones fiscales de América Latina 

      Medina, Leandro (CAF; Caracas, 2010)
      El último episodio de auge y caída en los precios de las materias primas ha generado preocupación acerca del impacto de precios volátiles en las posiciones fiscales de los países de América Latina. Este trabajo, usando una ...
    • Estructura de financiamiento y restricciones financieras de las empresas en Colombia 

      Arbeláez, María Angélica; Perry, Guillermo; Becerra, Alejandro (CAF; Caracas, 2010)
      En este estudio evaluamos las restricciones financieras que enfrentan las empresas en Colombia e identificamos los determinantes de su estructura de financiamiento. Utilizando datos a nivel de firma, analizamos la evolución ...
    • Estructura tributaria y evasión impositiva en América Latina 

      Gómez-Sabaini, Juan Carlos; Jiménez, Juan Pablo (CAF; Caracas, 2011)
      Este informe estudia la evolución y las características del nivel y la estructura de la carga tributaria promedio en la región a través de los últimos veinte años, buscando identificar las diferencias relevantes entre ...
    • Flexibility matters: do more rigid loan contracts reduce demand for microfinance? 

      Pearlman, Sarah (CAF; Caracas, 2010)
      Despite the rapid expansion of microfinance services in the past several decades, the low use of formal credit exhibited by poor households, the high dropout rates experienced by many microfinance institutions, and the ...
    • Government performance, taxation and citizen participation: evidence from Brazil 

      Timmons, Jeffrey; Garfías, Ek Francisco (CAF; Caracas, 2011)
      Fiscal contract theories of the state hypothesize that government performance affects tax collection and that institutions that foster representation and accountability link taxes and services. These propositions have yet ...
    • Impacto de las políticas de fomento al emprendedorismo: el caso de "Buenos Aires emprende" 

      Ruffo, Hernán; Butler, Inés; Galassi, Gabriela; González, Guadalupe (CAF; Caracas, 2012)
      Este trabajo evalúa el impacto de una política orientada a promover la creación y desarrollo de emprendimientos innovadores en la ciudad de Buenos Aires. El programa recibe unos 100 proyectos por año, de los cuales selecciona ...