Financial innovation is more likely when banks compete. But today's megabanks are more conducive to crony capitalism than free enterprise.
financial innovationMicrofinance Industry May Be Stressed by Recession, Report FindsPND - Philanthropy News Digest Thu, 07/09/2009 - 23:00
According to a new report from the Centre for the Study of Financial Innovation, the recession is presenting the microfinance field with its first major stress test since it emerged in recent decades as a fast-growing industry serving the world's poor.... |
