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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/10012453385
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Taking Stock of the Evidence on Micro-Financial Interventions
Buera, Francisco J. - 2016
We review the empirical evidence on microfinance and asset grants to the ultra poor or microentrepreneurs, and assess our ability to account for this evidence using quantitative theory. Properly executed, these interventions can help segments of the population increase their income and...
Persistent link: https://www.econbiz.de/10012456006
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The Persistent Power of Behavioral Change : Long-Run Impacts of Temporary Savings Subsidies for the Poor
Schaner, Simone - 2016
I use a field experiment in rural Kenya to study how temporary incentives to save impact long-run economic outcomes. Study participants randomly selected to receive large temporary interest rates on an individual bank account had significantly more income and assets 2.5 years after the interest...
Persistent link: https://www.econbiz.de/10012456145
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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/10012457957
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Estimating the Impact of Microcredit on Those Who Take It Up : Evidence from a Randomized Experiment in Morocco
Crépon, Bruno - 2014
This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of …, microcredit access led to a significant rise in investment in assets used for self-employment activities (mainly animal husbandry … those who chose to borrow, microcredit had large, albeit very heterogeneous, impacts on assets and profits from self …
Persistent link: https://www.econbiz.de/10012458520
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Microcredit Impacts : Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Angelucci, Manuela - 2014
Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high …
Persistent link: https://www.econbiz.de/10012458835
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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 … likely to have a microcredit loan. They were no more likely to start any new business, although they were more likely to …
Persistent link: https://www.econbiz.de/10012459640
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The Impacts of Microcredit : Evidence from Bosnia and Herzegovina
Augsburg, Britta - 2012
We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were …
Persistent link: https://www.econbiz.de/10012460122
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10012460338
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The Macroeconomics of Microfinance
Buera, Francisco J. - 2012
We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate...
Persistent link: https://www.econbiz.de/10012460753