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Market Structure and Borrower Welfare in Microfinance

de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …

Persistent link: https://www.econbiz.de/10011083818

Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10005791873

Group versus Individual Liability: A Field Experiment in the Philippines

Giné, Xavier; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...

Persistent link: https://www.econbiz.de/10005656151

Factor Analysis with Large Panels of Volatility Proxies

Ghysels, Eric - C.E.P.R. Discussion Papers - 2014

We consider estimating volatility risk factors using large panels of filtered or realized volatilities. The data structure involves three types of asymptotic expansions. There is the cross-section of volatility estimates at each point in time, namely i = 1,…, N observed at dates t = 1,…, T:...

Persistent link: https://www.econbiz.de/10011083764

Improving Nurse Retention in the National Health Service in England: The Impact of Job Satisfaction on Intentions to Quit

Shields, Michael; Ward-Warmedinger, Melanie - C.E.P.R. Discussion Papers - 2001

In recent years the British National Health Service (NHS) has experienced an acute shortage of qualified nurses. This has placed issues of recruitment and retention in the profession high on the political agenda. In this Paper, we investigate the determinants of job satisfaction for nurses and...

Persistent link: https://www.econbiz.de/10005114261

Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - C.E.P.R. Discussion Papers - 2014

We document the presence of sizable distributional effects from unexpected price level movements in the Euro Area (EA) using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net winner of unexpected price level increases, with...

Persistent link: https://www.econbiz.de/10011084690

Do Migrants Improve Governance at Home? Evidence from a Voting Experiment

Batista, Catia; Vicente, Pedro C - C.E.P.R. Discussion Papers - 2011

Can international migration promote better institutions at home by raising the demand for political accountability? In order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A postcard was distributed to households with the pledge...

Persistent link: https://www.econbiz.de/10008854468

What Do We Know about Microfinance at Macro Glance?

Alimukhamedova, Nargiza; Hanousek, Jan - C.E.P.R. Discussion Papers - 2015

The majority of microfinance impact studies focus on finding their effect on a specific group of beneficiaries, in …-term evidence of a significant ability of microfinance to affect broader economies. Moreover, the impact and dynamics differ … substantially by macro-institutional environment; the microfinance effect is more pronounced in weaker environments. …

Persistent link: https://www.econbiz.de/10011201355

Improving Access to Banking: Evidence from Kenya

Allen, Franklin; Carletti, Elena; Cull, Robert; Qian, Jun; … - C.E.P.R. Discussion Papers - 2014

impact of Equity Bank—a leading private commercial bank focusing on microfinance—on the access to banking in Kenya. Unlike …

Persistent link: https://www.econbiz.de/10011084293

The miracle of microfinance? Evidence from a randomized evaluation

Banerjee, Abhijit; Duflo, Esther; Glennerster, Rachel; … - C.E.P.R. Discussion Papers - 2013

of a particular microfinance institution (Spandana) while the remainder were not, although other MFIs were free to enter …. We found no changes in any of the development outcomes that are often believed to be affected by microfinance, including …

Persistent link: https://www.econbiz.de/10011084414