If you are unbanked there is a high likelihood you are living on the edge of poverty, exclusion and vulnerability. If you struggle to attain or maintain a secure, well-paying job, you probably do…

Asli Demirgüç-Kunt, Cyril Muller |

If you are unbanked there is a high likelihood you are living on the edge of poverty, exclusion and vulnerability. If you struggle to attain or maintain a secure, well-paying job, you probably do…

Asli Demirgüç-Kunt, Cyril Muller |

Unprecedented technological advancements and corresponding innovations in business models have helped financial inclusion evolve beyond merely connecting people to a bank account. It is, for…

Dan Salazar, Carlos Monteverde |

The Financing for Development conference, organized by the IMF and the CFD, will take place at the Graduate Institute, Geneva, on April 16-17, 2015. The objective of the conference is to discuss…

Asli Demirgüç-Kunt |

November 4 marked an important milestone in the Eurozone — the ECB took on direct supervision for the 120 largest banks and indirect supervision for all other banks. This came after a rigorous one…

Thorsten Beck |

In a new paper, we address this question using detailed manufacturing census data from India. India offers an ideal laboratory for testing the role of institutions on firm lifecycle given the…

Asli Demirgüç-Kunt |

Since the late 1990s, the importance of multinational banks has grown dramatically.  Between 1999 and 2009 the average share of bank assets held by foreign banks in developing countries rose from…

Maria Soledad Martinez Peria |

One of the main obstacles that firms in developing countries face is lack of access to credit. A key factor that restricts access is insufficient collateral. Interestingly, banks in less-developed…

Mauricio Larrain, Murillo Campello |

According to the most recent World Bank Enterprise Survey Data, firms in developing countries report that access to finance is the biggest obstacle for the growth of their operations. Across all…

Maria Soledad Martinez Peria |

Despite the common perception that institutional investors herd, it is difficult to identify the reasons for correlated trading. For example, managers might buy into or out of the same securities…

Alvaro Enrique Pedraza Morales |