Small and medium-sized enterprises (SMEs) have played a crucial role in China's economic development and its market-oriented economic reform. However, further growth of SMEs may be restricted by limited access to formal ...

Since the 2008 financial crisis, credit rating agencies have faced criticism that their ratings led to and exacerbated the financial crisis rather than helping the market have better knowledge of potential risks embedded ...

Recent studies suggest that the growth of financial sector depth and access can drive poverty reduction and economic growth, popularizing the idea that financial development can be used as a development tool. Combined with ...