This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...

Global growth is projected to be slightly faster in 2020 than the post-crisis low registered last year. While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks to the outlook is to the downside. Growth in emerging market and...

Despite being the backbone of the Albanian economy, micro, small and medium sized enterprises(MSMEs) face difficulties in accessing finance which impedes their growth. MSMEs in Albania aresignificant contributors to the economy. In 2016, MSMEs comprised 99.9 percent of active enterprises and 81...