Does an unregulated financial system absorb too many productive inputs? This paper studies this question in the context of a dynamic model with heterogeneous producers. In the absence of a financial system, the only way to purchase inputs is using internal funds. Producers are subject to...

Introduction -- Measuring financial inclusion: A survey -- Financial Inclusion: A Measurement and Comparative Analysis of Countries from Europe and Asia -- Financial Constraints and Export Participation: A Case Study of Indian Textile Industry -- Financial Liberalization and Financial...

Macroprudential policies for financial institutions have received increasing prominence since the global financial crisis. These policies are often aimed at the commercial banking sector, while a host of other non-bank financial institutions, or shadow banks, may not fall under their...