Les dix années de stagnation de l'économie japonaise, depuis 1990, restent à bien des égards une énigme. Une bulle spéculative, l'insolvabilité de nombreux intermédiaires financiers et une récession ne sont pas en effet des phénomènes exceptionnels, à l'échelle internationale :...

This paper examines whether there is a liquidity effect in the Japanese interbank market for overnight loans. If the reserve requirement is the only reason for banks to hold reserves then the demand for reserves should be infinitely elastic at the overnight rate that is expected to prevail for...

In the microfinance industry the idea of “empowerment” is often valued as a means to encourage female emancipation from male domination. This paper’s main purpose is to draw on women’s testimonies and narratives to highlight the fundamental importance within these processes of women’s...

Despite the growing interest in the subject of micro finance very little, if any, academic research on the Palestinian case exists. This paper starts filling this gap by analysing the development of the micro credit industry in Palestine between 2000 and 2008. This paper shows that at macro...

This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...