A robust body of research suggests that entrepreneurial activities benefit from financial development and external financing access. However, there is a gap in understanding how and the extent to which the accessibility to financial services is associated with entrepreneurial activity. Based on...

Community currencies have recently emerged as tools for assisting the disadvantaged. In order to make a contribution to the larger field of community currencies, the purpose of this research is to investigate how a financial institution evaluates community currency lending. We show, using an...

Up to this point, the literature on the issuance of convertible bonds has neglected financial institutions. Contrary to firms, banks not only can issue convertible bonds but also, after the subprime crises, contingent convertible (CoCo) bonds emerged as an alternative. Hence, the purpose of this...

Usually screening in microcredit is a very opaque process, because borrowers seldom have verifiable information or collateral. We explore the relationship between traditional screening variables and a new screening variable (Job Experience) for a Brazilian fintech microcredit firm. Unlike...

Issuing CoCo bonds is a possible way for banks to protect against economic uncertainty scenario. However, it remains unclear if CoCo bonds will be useful in loss absorption for issuers in the event of another financial distress. Using the model of Systemic Risk proposed by Brownlees and Engle...

Cryptocurrencies are recent, yet they attract great interest and investments. The current level of market efficiency of these assets, nevertheless, is a subject that must be studied. If the asset is dependent on technology, critical failures of the technical structure must lead to negative...