This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics have argued in recent years. Analysis of data from a long panel survey over a 20-year period confirms this is not the case, although numerous participants have been with...

This paper conducts a simple stress test to gauge the ability of listed nonfinancial corporates to withstand shocks to earnings and receivables. It targets two basic accounting ratios that capture a firm's ability to cover its short-term liabilities and interest expenses. The full sample...

This paper examines the role of courts in promoting fulfillment of the right to education in developing country democracies, focusing on India and Indonesia-two countries that have experienced increased education rights litigation in recent years. The paper argues that this litigation has been...