While much progress has been made in promoting inclusive finance through the ownership of a basic personal account, billions of people in developed and emerging markets are still underrepresented in financial services. 

Many business sectors and households face an unprecedented loss of income in the current COVID-19 recession, triggering financial distress, separations, and bankruptcy...

The present paper extends the Alesina and Drazen (1991, American Economic Review 81, 1170-1188) war of attrition model by including a concession round...

Under conditions of financialization, finance capital develops relatively independently from the real economy of the United States. As a result, the United States has to rely heavily on external markets to buy consumer goods...