FMG

How do copayments affect the benefits and costs of health insurance in low-income settings? We study this question in a field experiment in rural...

Skilled intermediaries can represent multiple investors, generating economies of scale in screening costs. However, locating competent intermediaries...

This paper analyses how firms respond to liquidity shocks when asset prices are endogenously determined through matching frictions. Building on...

Using an equilibrium network model and a large international panel of cross-border trade, we analyse empirically the drivers of foreign currency...