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Mobile Money, Interoperability, and Financial Inclusion
Brunnermeier, Markus Konrad; Limodio, Nicola; … - National Bureau of Economic Research - 2023
This paper investigates the tradeoff between competition and financial inclusion resulting from the vertical integration between mobile network and money operators. Joining newly assembled data on mobile money fees through the WayBack machine, with sources on network coverage and financials, we...
Persistent link: https://www.econbiz.de/10014372453
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Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
De Mel, Suresh - 2018
In developing economies, mobile-linked services have the potential to significantly reduce transaction costs and provide a truly new conduit that could be used to facilitate the flow of savings into banks. We test this premise by introducing a product that permits Sri Lankan households to...
Persistent link: https://www.econbiz.de/10012481004
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality
Dabla-Norris, Era - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
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Sell Low and Buy High : Arbitrage and Local Price Effects in Kenyan Markets
Burke, Marshall - 2018
low and buy high" rather than the reverse. In a field experiment in Kenya, we show that credit market imperfections limit …
Persistent link: https://www.econbiz.de/10012453239
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Unlocking the Benefits of Credit through Saving
Mukherjee, Sanghamitra W.; Bergquist, Lauren Falcao; … - National Bureau of Economic Research - 2021
Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access...
Persistent link: https://www.econbiz.de/10012794570
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The Persistent Power of Behavioral Change : Long-Run Impacts of Temporary Savings Subsidies for the Poor
Schaner, Simone - 2016
I use a field experiment in rural Kenya to study how temporary incentives to save impact long-run economic outcomes …
Persistent link: https://www.econbiz.de/10012456145
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Microequity and Mutuality : Experimental Evidence on Credit with Performance-Contingent Repayment
Cordaro, Francesco; Fafchamps, Marcel; Mayer, Colin P.; … - National Bureau of Economic Research - 2022
We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational … Kenya, we compare asset financing under a traditional debt contract to three alternatives: (i) a novel equity-like financing … large positive impacts from the contractual innovations. These findings demonstrate the economic appeal of microfinance …
Persistent link: https://www.econbiz.de/10013388766
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On Fintech and Financial Inclusion
Philippon, Thomas - 2019
The cost of financial intermediation has declined in recent years thanks to technological progress and increased competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns to scale, and the use of big data and machine...
Persistent link: https://www.econbiz.de/10012480275
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Financial Inclusion and Contract Terms : Experimental Evidence From Mexico
Castellanos, Sara G. - 2018
This paper provides evidence on the difficulty of expanding access to credit through large institutions. We use detailed observational data and a large-scale countrywide experiment to examine a large bank's experience with a credit card that accounted for approximately 15% of all first-time...
Persistent link: https://www.econbiz.de/10012452872
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A Policy Matrix for Inclusive Prosperity
Rodrik, Dani; Stantcheva, Stefanie - National Bureau of Economic Research - 2021
One of the biggest challenges that countries face today is the very unequal distributions of opportunities, resources, income and wealth across people. Inclusive prosperity - whereby many people from different backgrounds can benefit from economic growth, new technologies, and the fruits of...
Persistent link: https://www.econbiz.de/10012510615