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The welfare impact of expanding access to bank accounts depends on whether accounts crowd out pre-existing financial relationships, or whether private gains from accounts are shared within social networks. To study the effect of accounts on financial linkages, we provided free bank accounts to a...
Persistent link: https://www.econbiz.de/10012457329
We study the provision of financial services to small firms, consumers, and workers in developing countries as part of value chain relationships: value chain microfinance (VCMF). We first explore how VCMF can both overcome barriers to financial access - including asymmetric information,...
Persistent link: https://www.econbiz.de/10014468284
How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank formation and balance sheet expansion (especially by new...
Persistent link: https://www.econbiz.de/10012480811
Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...
Persistent link: https://www.econbiz.de/10012453239
We examine whether returns to capital are higher for farmers who borrow than for those who do not, a direct implication of many credit market models. We measure the difference in returns through a two-stage loan and grant experiment. We find large positive investment responses and returns to...
Persistent link: https://www.econbiz.de/10012458279
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
"We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some … induce labor-saving growth. This experiment has since been extended to the rest of China"--National Bureau of Economic …
Persistent link: https://www.econbiz.de/10011395531
China. It uses a data set that consists of detailed characteristics of 6407 urban households, a continuous measure of health …
Persistent link: https://www.econbiz.de/10012471094
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …
Persistent link: https://www.econbiz.de/10012471154
To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …
Persistent link: https://www.econbiz.de/10012471684