“Everybody talks about financial innovation, but (almost) nobody empirically tests hypotheses about it” Frame and White (2004).The financial turmoil from 2007 onwards has spurred renewed debates on the “bright” and “dark” sides of financial innovation. Using bank-, industry- and...

“Everybody talks about financial innovation, but (almost) nobody empirically tests hypotheses about it”. Frame and White (2004)The financial turmoil from 2007 onwards has spurred renewed debates on the “bright” and “dark” sides of financial innovation. Using bank-, industry- and...

Middle Eastern and North African (MENA) countries stand out in international comparisons of de jure obstacles to female employment and entrepreneurship. These obstacles manifest themselves in low rates of female labor participation, entrepreneurship, and ownership. Recent research suggests a...