instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …

loans to Central Europe and reconstruction of the gold standard system was needed to initiate long-term capital flows. A …

This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer …

This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i …

moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about … administrative data on loan repayment. We find that the marginal loans produced measurable benefits in the form of increased … employment, reduced hunger, and reduced poverty. The marginal loans also appear to have been profitable for the lender. The …

past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …

intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …