Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in …

household and business cash outflows, and estimate that about 100% of loan-financed spending is on business inventory …

household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is … no evidence that the program increased overall household income …

household utility and benefits of eliminating idiosyncratic shocks related to the business cycle as 3.4% of utility. Estimates … the business cycle, estimate the negative skewness of shocks, target moments of idiosyncratic shocks from household … insuring idiosyncratic shocks unrelated to the business cycle, such as the death of a household's prime wage earner and job …

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor …