Short-term debt comes with a penalty in the cost of equity

A new study finds that investors want to be compensated, in the form of higher returns, for holding the stock of firms that have a relatively higher proportion of short-term debt, rather than long term debt

Digital finance doesn't reduce inequality; it perpetuates it

A new paper in Oxford Open Economics, published by Oxford University Press, indicates that, while digital financial services are often proposed as a vehicle to lower inequality, the cost and infrastructure barriers to accessing ...

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