Financial Markets

Digital Payment Technologies (DPTs) offer significant benefits for Micro, Small, and Medium Enterprises (MSMEs) in developing countries, including lower transaction costs, improved security, and enhanced access to credit through verifiable transaction r

The African continent is often envisioned as the future industrial hub of the planet. However, it accounts for no more than 3% of total global trade. A key factor behind this performance is the limited access to financial services.

Poor entrepreneurs must frequently choose between business investment and children’s education.

Using a mix of newly assembled survey and secondary datasets on Africa, we examine financial market development from the perspective of the microstructure of corporate bond markets, and its efficiency effects on cost of debt, over the period 2000-2020.