This report summarises presentations and discussion at a seminar, organised by LSE Housingand CASE, which took place at the London School of Economics on 7th July 1998. The eventwas chaired by Professor Howard Glennerster (LSE and Chairman of STICERD), and thespeakers were Professor William...

Few micro…nance-funded businesses grow beyond subsistence entrepreneur-ship. This paper considers one possible explanation: that the structure ofexisting micro…nance contracts may discourage risky but high-expected returninvestments. To explore this possibility, I develop a theory that uni…es...

In April 2002 Jobcentre Plus started to operate in the UK bringing together theservice of the Benefits Agency and the Employment Service. Offering a fullyintegrated benefit claiming and work placement/job-seeking service for peopleof working age this new organisation aims to strengthen the link...

In July 2000, the Taipei City Government launched an anti-poverty program,Taipei Family Development Accounts, which drew heavily on Sherraden’sasset-based welfare theory, and was to provide matched savings accounts forlow-income families in the City. This paper presents the “income to...

While systemic risk—the risk of wholesale failure of banksand other financial institutions—is generally consideredto be the primary reason for supervision and regulation of thebanking industry, almost all regulatory rules treat such risk inisolation. In particular, they do not account for...