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 dislocation in the microfinance market to identify the causal impacts of a …

Evidence on the implementation of India's National Rural Employment Guarantee Act suggests that the available work is …

India started the implementation of a rural public works program in 2006, covering all districts of the country within …

-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 (Spandana) while the remainder were not, although other MFIs were free to enter …. We found no changes in any of the development outcomes that are often believed to be affected by microfinance, including …

Recent evaluations of traditional microfinance loans have found no significant impacts on borrower incomes or …

We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme …

balance sheets. A negative shock to the balance sheets of asset-holders causes them to liquidate assets, lowering prices …