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"This paper examines the performance of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary in their design and performance. The paper claims that AMCs can trigger moral hazard-induced bank lending. Empirical examination of the Thai experience of AMCs reveals that...
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"This paper evaluates the outreach and impact of two microfinance "village bank" programs that target the poor in … selection. Results demonstrate that microfinance loans positively affect many measures of household welfare for the wealthy …
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