This study gives an overview of recent innovations in the financing of small and medium-sized enterprises (SMEs) in Asia. While SMEs are an important contributor to employment and gross domestic product in Asia, they often face significant credit constraints. Recently, in the context of Asia's...

Over fifty countries have introduced regulatory sandboxes to foster financial innovation. This article conducts the first evaluation of their ability to improve fintechs’ access to capital and attendant real effects. Exploiting the staggered introduction of the UK sandbox, we establish that...

This paper starts by revisiting the true definition of money and identifies that electronic money is not a new concept. It explains the spectrum of money in the context of the past, present, and future and argues that technology can only enhance the way we deal with money and will never change...