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We use individual-level data on all security trades, holdings, spending, and income from an online retail bank. We study the effects of an exogenous change in the displayed purchase prices of the mutual funds in individuals' portfolios. We find that individuals are more likely to sell what we...
Persistent link: https://www.econbiz.de/10012479192
We examine constraints to adoption of new technologies in the context of hillside irrigation schemes in Rwanda. We …
Persistent link: https://www.econbiz.de/10012479222
through text messages in Kenya and Rwanda. The programs shared similar objectives but were implemented by three different …
Persistent link: https://www.econbiz.de/10014468248
Agricultural extension programs often train a few farmers and count on diffusion through social networks for the innovation to spread. However, if markets are imperfectly integrated, this may also inflict negative externalities. In a two-step experiment of an agronomy training program among...
Persistent link: https://www.econbiz.de/10014322756
of ownership changes on coffee mills in Rwanda - an industry in which managing relationships with farmers and seasonal …
Persistent link: https://www.econbiz.de/10013334447
A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due to deposit insurance and/or enhanced capital...
Persistent link: https://www.econbiz.de/10011955520
Not all firms have equal capacity to absorb productive credit. Identifying those with higher potential may have large …
Persistent link: https://www.econbiz.de/10014337852
growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …
Persistent link: https://www.econbiz.de/10014372477
Firms in developing countries cite credit constraints as one of their primary obstacles to investment. Direct foreign … investment, by bringing in scarce capital, may ease domestic firms' credit constraints. Alternatively, if foreign firms borrow … heavily from domestic banks, they may exacerbate domestic firms' credit constraints by crowding them out of domestic capital …
Persistent link: https://www.econbiz.de/10012470281
Recent theories of crisis put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So are lending booms dangerous? In this paper, we investigate empirically this question using a broad sample of lending boom...
Persistent link: https://www.econbiz.de/10012470475