Financial cooperatives play an important role in the financial systems of many countries.
They act as a safe haven for deposits and are major sources of credit for households and …

Markets for consumer financial services are growing rapidly in low-and middle-income
countries and are being transformed by digital technologies and platforms. With growth and …

Ceilings on lending rates remain a widely used policy tool that is intended to lower the
overall cost of credit or protect consumers from exorbitant rates. Interest rate caps come in …

Interest rate caps are widespread in consumer credit markets, yet there is limited evidence
on its effects on market outcomes and welfare. Conceptually, the effects of interest rate caps …

This study analyzes the impact of a legislation introduced in Chile in 2013, which gradually
reduced the maximum legal interest rate for consumer loans from 54% to 36%. Using a …

This paper reviews the impact of interest rate controls in Kenya, introduced in September
2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit …

We review the literature in sociology and related fields on the fast global growth of consumer
credit and debt and the possible explanations for this expansion. We describe the ways …

The importance of financial inclusion is emphasised in the Sustainable Development Goal
2030. This paper investigates the role of financial inclusion on household savings and …

Over two decades sub-Saharan Africa has grown by an average of 4.8 percent per annum, a
trend called “Africa rising in the literature” but this robust economic growth has benefited …

The use of price controls is widespread across emerging markets and developing
economies, including for food and key imported and exported commodities. Although they …