Small and medium enterprises (SMEs) account for over 90 percent of firms worldwide. A joint IFC and McKinsey study in 2010 estimated the total number of formal and informal micro, small and medium enterprises...
Payroll taxes in Sweden were reduced substantially for people ages 26 years or younger on July 1, 2007. The objective of this tax cut was to lower youth unemployment. The question of how gains from payroll...
A credit reporting system is an integral part of a well-functioning credit market. It reduces information asymmetries and helps increase access to credit. It also improves borrower discipline, lowers interest...
Credit registries and bureaus—essential elements of the financial infrastructure—
enhance access to financial services. By sharing credit information, they help reduce information asymmetries, increase...