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For the past three decades, the microfinance sector has remained an important source for providing finance to the poor and the marginalized sections of society. This sector has been driven primarily by social objectives, led by non-governmental organisations and charities, with funding largely in the form of donor money or subsidized credit. But, today, a new paradigm of ‘commercial’ microfinance’ is taking shape: on the one hand, commercial banks are ...
Carbon trading, which is a market-based approach designed to address the climate change concern, has led to the development of international carbon markets. ‘Carbon’ or “CO2†has received an identity makeover, from a mere greenhouse gas – polluting environment to a new asset class for investors and speculators. International carbon markets are the world’s ...
Innovations in financial markets have played a crucial role in shaping the economic landscape of the leading and also emerging economies of the world. In the past few decades, capital markets, risk management tools and techniques and financial services have witnessed many successful innovations leading to better integration and greater maturity of world financial markets. These financial innovations have promoted efficiency and growth of financial markets and ...