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We combine two datasets to examine whether the presence of banks affects the profitability and outreach of microfinance …
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associated with bank soundness. Using data for over 3,000 banks in 86countries, we find that neither the overall index of BCP …
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In this paper, we critically review the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in the preponderance of theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions...
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Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during … associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and …
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