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Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation
Philippon, Thomas - 2014
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10013066115
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Regional Economic Development and Mexican Out-Migration
Unger, Kurt - 2021
This paper shows evidence of positive effects in the economic development of sending communitiesin Mexico due to … migration. The principal hypothesis of this study is that remittances, knowledge and experience acquired by migrants during … migratory intensity and their urban /rural nature. The second section analyzes the relation between remittances and …
Persistent link: https://www.econbiz.de/10013211699
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Research and Impacts of Digital Financial Services
Karlan, Dean S. - 2018
A growing body of rigorous research shows that financial services innovations can have important positive impacts on wellbeing, but also that many do not. We first describe the latest evidence on what works in financial inclusion. Second, we summarize research on key financial market failures...
Persistent link: https://www.econbiz.de/10012935529
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Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance
Philippon, Thomas - 2010
The share of finance in U.S. GDP has been multiplied by more than three over the postwar period. I argue, using evidence and theory, that corporate finance is a key factor behind this evolution. Inside the finance industry, credit intermediation and corporate finance are more important than...
Persistent link: https://www.econbiz.de/10012759810
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Microcredit Impacts : Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Angelucci, Manuela - 2014
estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich …
Persistent link: https://www.econbiz.de/10013060267
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Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Angelucci, Manuela - 2014
estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich …
Persistent link: https://www.econbiz.de/10013063675
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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean S. - 2014
lending practice. We use randomized interest rates, offered across 80 regions by Mexico's largest microlender, to identify a …
Persistent link: https://www.econbiz.de/10013063760
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Hope as Aspirations, Agency, and Pathways : Poverty Dynamics and Microfinance in Oaxaca, Mexico
Lybbert, Travis J. - 2016
experimental study based on a hope intervention in Oaxaca, Mexico among 601 indigenous women with access to microfinance loans. Our …
Persistent link: https://www.econbiz.de/10012982040
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Risk Management in Financial Institutions
Rampini, Adriano A. - 2019
consistent with the theory that financial constraints impede both financing and hedging …
Persistent link: https://www.econbiz.de/10012889497
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The Fintech Opportunity
Philippon, Thomas - 2016
This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...
Persistent link: https://www.econbiz.de/10012985592