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The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes...
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transaction costs. The interaction between risk of theft and limited access to trade credit generates demand for mobile money as a … use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium … model with heterogeneous entrepreneurs, imperfect credit markets and the risk of theft to account for this empirical pattern …
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access to finance and thus increase the bankable and banked population. Mobile money and crowdfunding platforms are prime …
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