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The Miracle of Microfinance? Evidence from a Randomized Evaluation

Duflo, Esther - 2013

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/10013082170

Group Lending with Heterogeneous Types

Gan, Li - 2013

Group lending has been widely adopted in the past thirty years by many microfinance institutions as a means to mitigate information asymmetries when delivering credit to the poor. This paper proposes an empirical method to address the potential omitted variable problem resulting from unobserved...

Persistent link: https://www.econbiz.de/10013082793

Building Social Capital Through Microfinance

Feigenberg, Benjamin - 2014

A number of development assistance programs promote community interaction as a means of building social capital. Yet, despite strong theoretical underpinnings, the role of repeat interactions in sustaining cooperation has proven difficult to identify empirically. We provide the first...

Persistent link: https://www.econbiz.de/10013069841

Measuring the Equilibrium Impacts of Credit : Evidence from the Indian Microfinance Crisis

Breza, Emily - 2018

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance activities in the state to a complete halt and causing a nation-wide shock to the liquidity of lenders, especially those with loans in the affected state. We use this massive...

Persistent link: https://www.econbiz.de/10012927025

Financing Smallholder Agriculture : An Experiment with Agent-Intermediated Microloans in India

Maitra, Pushkar - 2014

Recent evaluations of traditional microfinance loans have found no significant impacts on borrower incomes or productive activities. We examine whether this can be remedied by (a) modifying loan features to facilitate financing of working capital needs of farmers, and (b) delegating selection of...

Persistent link: https://www.econbiz.de/10013043280

Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?

Banerjee, Abhijit V.; Breza, Emily; Duflo, Esther; … - 2021

Can microcredit help unlock a poverty trap for some people by putting their businesses on a different trajectory? Could the small microcredit treatment effects often found for the average household mask important heterogeneity? In Hyderabad, India, we find that “gung ho entrepreneurs” (GEs),...

Persistent link: https://www.econbiz.de/10013310158

Government, Openness and Finance : Past and Present

Demetriadis, Panicos - 2010

We explore the role of government in the nexus of finance and trade starting from the earliest days of organised … finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that …

Persistent link: https://www.econbiz.de/10013137020

How Does the U.S. Government Finance Fiscal Shocks?

Berndt, Antje - 2010

We develop a method for identifying and quantifying the fiscal channels that help finance government spending shocks …

Persistent link: https://www.econbiz.de/10013137024

Capitalizing China

Fan, Joseph P. H. - 2011

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement...

Persistent link: https://www.econbiz.de/10013117212

On Fiscal Illusion and Ricardian Equivalence in Local Public Finance

Banzhaf, H. Spencer - 2012

We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian … Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on … hundreds of open space referenda in the U.S. using a variety of finance mechanisms, we find evidence that households do prefer …

Persistent link: https://www.econbiz.de/10013107014