The existing literature on financial development focuses mostly on the causal impact of the quantity of financial intermediation on economic development. This paper, instead, focuses on the role of the financial sector in creating securities that cater to the needs of heterogeneous investors. To...

Advances in Spatial Science This series of books is dedicated to reporting on recent advances in spatial science. It contains scientific studies focusing on spatial phenomena, utilising theoretical frameworks, analytical methods, and empirical procedures specifically designed for spatial...