May 30, 2018
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Camelia Minoiu, Senior Economist at the International Monetary Fund, closed the 7th NCID Research Workshop with the presentation of her paper Financial Access Under the Microscope at the Fundación Ramón Areces in Madrid last 18th of May.

The paper is on financial inclusion. “Financial development and economic growth go hand in hand”, Minoiu said. The study focuses on the microfinance sector, which she considers “a crucial driver of financial development”.

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May 30, 2018
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Boston College Economics Professor Pablo Guerrón-Quintana presented his paper On Regional Borrowing, Default and Migration last Friday 18th May at the 7th NCID Research Workhsop at the Fundación Ramón Areces in Madrid. The paper explores default at a municipal level in the U.S. and explores how migration between cities affects it.

As people migrate some central planners of cities issue more debt than optimal taking into account that migration will continue and it will be paid by those who come to the city in the following years. “This has led some cities to experienc...

May 30, 2018
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The Economics Professor at the University of Pennsylvania Jesús Fernández-Villaverde presented his paper Financial Frictions and the Wealth Distributions at the 7th NCID Research Workshop at the Fundación Ramón Areces in Madrid.

“In a world with financial frictions, wealth distribution matters. Why? Because those who operate the capital and those who own the capital are different persons and the financial friction prevents the adequate transfer from those who have to those who can operate it more efficiently”, Fernández-Villaverde said. 

This paper...

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