We build a commercial credit network, identify the most central economic sectors in terms of debt, and provide more complete idea total indebtedness financial interlinks between firms banks Uruguay. “Commerce,” “manufacturing,” “transportation, storage, communication” are network. In stress testing exercise, “hotels restaurants” deeply affected all cases. These exposed contagion. “Commerce” “ma...

The introduction of microfinance institutions is viewed as the best alternative source financial services for low-income earners a means to raise their income and reduce poverty. However, empirical research has indicated that majority institutions’ borrowers are over-indebted. Over-indebtedness negative consequences debtors, creditors, economy whole. Since over-indebtedness context-specific phe...