Working Papers

Do Formal Loans Boost SME Performance? Key Takeaways from a Meta-Analysis (with Johan Andrey Ortega Hernandez, and Claudia Ruiz Ortega) World Bank Policy Research Working Paper 11140, June 2025.

Access to Finance for MSMEs in Ecuador: A Firm-Level Impact Evaluation (with Federico Alfonso Diaz Kalan, Nicolo Fraccaroli, and Claudia Ruiz Ortega) World Bank Policy Research Working Paper 11121, May 2025.

Government Support and Firm Performance during COVID-19 (with Asli Demirgüç-Kunt and Dorothe Singer). World Bank Policy Research Working Paper 10641, December 2023.

Missing Information: Why Don’t More Firms Seek Out Business Advice? (with Caio Piza). World Bank Policy Research Working Paper 10183, September 2022. (2-page summary; All About Finance post)

The Long-Term Impact of High School Financial Education: Evidence from Brazil (with Gabriel Garber, Sergio Koyama, and Bilal Zia). World Bank Policy Research Working Paper 10131, July 2022. (2-page summary; All About Finance post; updated version)

The Impact of Mobile Money on Poor Rural Households: Experimental Evidence from Uganda (with Christina Wieser, Johannes Kinzinger, Christian Ruckteschler, and Soren Heitmann). World Bank Policy Research Working Paper 8913, June 2019. (VoxDev post)

Courts and Business Registration: Evidence from Serbia (with Caleb Cho, Andreja Marusic, Ha Nguyen, José-Daniel Reyes, and Trang Tran). World Bank Policy Research Working Paper 8611, October 2018.

Sowing the Seeds for Rural Finance: The Impact of Support Services for Credit Unions in Mexico (with Rekha Reddy and Claudia Ruiz). World Bank Policy Research Working Paper 8483, June 2018. (2-page summary; All About Finance post)

Bank Competition, Concentration, and Credit Reporting (with Subika Farazi and Martin Kanz). World Bank Policy Research Working Paper 6442, May 2013.

Legislative Malapportionment and Institutional Persistence (with Francisco Gallego and Massimiliano Onorato). World Bank Policy Research Working Paper 5467, November 2010.

Female-Owned Firms in Latin America: Characteristics, Performance, and Obstacles to Growth World Bank Policy Research Working Paper 5122, November 2009.