In recent years, benign global liquidity conditions and a low interest rate environment in advanced economies have contributed to increased interest among investors in emerging market sovereign debt markets. Local currency bond markets in emerging markets swelled in size following…

Are recent payment innovations accelerating the move to a cashless society? Our study presents causal evidence from the staggered introduction of contactless debit cards by a retail bank. We find that access to the contactless payment technology causes a sizable increase…