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Banco del Bienestar leaves the remittance market. The gradual loss in its market share could partly explain this decision: in 2018 it was 4.1%, and in 2022 it was 2.4%. Households in rural and semi-rural areas may be the most affected, since they will spend more on transfers to collect them in other municipalities.
Despite the gradual normalization of global trade, less expansionary fiscal policies, and efforts by central banks, inflation remains high. We might wonder if this persistence in inflation is a result of large corporations exercising market power.
This year's symposium at Jackson Hole focused on the changes to market structures (i.e. competition, concentration... among others) brought by new technologies. Showcasing research insights from leading academics, it centered on the evidence, c…
