We conduct a thorough review of the state of product development and innovation on mobile money platforms. It is, in effect, a first-of-its-kind catalog of products and services that have been rolled out, are being piloted or have been proposed. In each case we discuss the specific...

This paper describes the opportunity of using mobile phones as a way to increase access to finance in developing counties. It also explains how mobile payments can trigger innovation and entrepreneurship at the base of the pyramid, and how they can serve to bring liquidity to rural communities

While expansive literature on central bank independence contains some criticisms to the independent central bank quasi-paradigm, few critical analyses have been undertaken in the years between Friedman (1962) and Posen (1994). The author extends Posen's analysis to developing countries,...

The authors explain the features of an array of futures contracts and their basic pricing relationships and describe a few applications to show how investors and risk managers can use these contracts. Futures - and derivatives generally - allow economic agents to fine-tune the structure of their...