Martin Barajas: 2 books

The day was cold. Although the sun was out, dark clouds appeared in the distance over the San Gabriel Valley. A soft wind blew. Rain was expected later in the day. All put together, it was a beautiful day. But in the city of South El Monte, there was a group of friends that were turning this beautiful...

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from...