"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

This essential collection contains the most influential articles written over the past two decades that help us to understand the role of entrepreneurs in the development process, both theoretically and empirically. These important papers span a wide methodological range, from theoretical...

Although Kenya's financial system is by far the largest and most developed in East Africa and its stability has improved significantly over the past years, many challenges remain. This paper assesses the stability, efficiency, and outreach of Kenya's banking system, using aggregate, bank-level,...

This paper analyses data released by the three EC member countries' Central Banks on payments and receipts for services traded between West Germany, France, and the Netherlands on the one hand and the five founding member states of ASEAN on the other. Chapter II analyses the changing role of...