Showing 1 - 10 of 560
Financial frictions distort the allocation of resources among productive units--all else equal, firms whose financing choices are affected by such frictions face higher borrowing costs than firms with ready access to capital markets. As a result, input choices may differ systematically across...
Persistent link: https://www.econbiz.de/10010969203
This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in the study areas during the evaluation period. Thirteen...
Persistent link: https://www.econbiz.de/10010950654
This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit group-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch of a particular microfinance institution...
Persistent link: https://www.econbiz.de/10010950913
. Although the study does not presume that finance is the most binding constraint to growth and socio-economic development in … Burundi, it takes the view that unlocking the financing constraint could alleviate other impediments to growth and poverty … potentially boost competition, financial innovation, and access to finance with positive effects on growth and poverty reduction. …
Persistent link: https://www.econbiz.de/10010950937
Banking reforms--that reduced interest rates--boosted college enrollment rates among able students from middle class families. We define "able" students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define "middle class" as families in which both parents...
Persistent link: https://www.econbiz.de/10010951111
We examine how participation in a microfinance program diffuses through social networks. We collected detailed demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then tracked eventual participation. We exploit exogenous...
Persistent link: https://www.econbiz.de/10009397139
Most people in rural Africa do not have bank accounts. In this paper, we combine experimental and survey evidence from Western Kenya to document some of the supply and demand factors behind such low levels of financial inclusion. Our experiment had two parts. In the first part, we waived the...
Persistent link: https://www.econbiz.de/10009493266
, tycoon or family control also correlates with slower economic and productivity growth, greater financial instability, and …
Persistent link: https://www.econbiz.de/10008627168
We analyze the impact of financial globalization on business cycle synchronization utilizing a proprietary database on banks' international exposure for industrialized countries during 1978- 2006. Theory makes ambiguous predictions and identification has been elusive due to lack of bilateral...
Persistent link: https://www.econbiz.de/10004991964
loan growth and aggregate fixed capital investment growth in countries whose large banks are more predominantly state … controlled. These differences are more pronounced during monetary expansions amid slow GDP growth periods. Other factors, such as …
Persistent link: https://www.econbiz.de/10010696636