Biedermann, G., C. Velazquez, S. Gimenez, and Z. Espinola, 2012 “Costos de la información en el sistema bancario paraguayo,” Central Bank of Paraguay.
Dabla-Norris, E., Y. Ji, R. Townsend, and F. Unsal, 2014, “Financial Deepening, Growth, and Inequality: A Structural Framework for Developing Countries,” IMF Working Paper (forthcoming).
Prepared by Camila Perez. with valuable input from Era Dabla-Norris and D. Filiz Unsal (both SPR). Eva Van Leemput (University of Notre Dame) provided the model calibration in Section C.
Paraguay’s 2013 Financial Inclusion Survey. Technical Note. World Bank, October 2014. https://www.bcp.gov.py/estrategia-de-inclusion-financiera-i459
This paper uses the particular definition of financial deepening as wider access to credit at the firm level as a result of reduced financial frictions.
The private bureau (Informconf, recently acquired by Equifax) does not report positive information. At the public credit registry, positive information is very limited, and data includes only financial institutions supervised by the BCP.