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Debt-for-development exchanges matter. They make debt relief more politically and practically attractive to donor countries, and serve the development of recipient countries through the cancellation of external debt and the funding of important development projects. This article explores one of...
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Microfinance institutions, in their efforts to improve outreach and expand the range of financial services offered to the poor, have recurred to more and more sophisticated financing instruments, including securitization. The paper explores the advantages offered by this form of funding as well...
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investigate the impact of major crises on innovation. Data are drawn from the World Intellectual Property Organization on patents … the economy gets back on track and does not get trapped in a state of underperformance. Innovation is an important factor … in the United States and patents are used as a proxy for innovation. We find that crisis spur innovation with the effect …
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volume, but also the composition of firm investment, by disproportionally decreasing investments in innovation. This …
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