This study uses a newly built dataset drawn from more than 850 monetary policy statements (MPSs) from 21 developing countries to investigate the association between clarity of monetary policy communication and financial market volatilities. Our results show that the MPS clarity is negatively and...

This study investigates the determinants of household participation in credit markets in Malawi using merged comprehensive data from the Integrated Household Survey. We find that larger family sizes increase the probability of households accessing credit from village banks, and that higher...