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Credit and saving constraints in general equilibrium : evidence from survey data

Granda Carvajal, Catalina; Hamann S., Franz A.; Tamayo, … - 2017

In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower...

Persistent link: https://www.econbiz.de/10011656466

Labeled loans and human capital investments

Augsburg, Britta; Caeyers, Bet; Giunti, Sara; Malde, Bansi - 2023

Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...

Persistent link: https://www.econbiz.de/10014371953

The impact of school-based financial education on high school students and their teachers : experimental evidence from Peru

Frisancho Robles, Verónica - 2018

Using data from a randomized controlled trial in 300 public high schools in Peru, this paper studies the potential of school-based financial education programs for youth. The intervention improves students’ and teachers’ financial knowledge by 0.14 SD and 0.32 SD, respectively. The impact of...

Persistent link: https://www.econbiz.de/10011882060

Spillover effects of financial education : the impact of school-based programs on parents

Frisancho Robles, Verónica - 2023

This paper studies whether school-based financial education has spillover effects from children to parents. Leveraging data from a large-scale experiment with public high schools in Peru and credit bureau records on the parents of the youth targeted, this study measures the impact of providing...

Persistent link: https://www.econbiz.de/10014471205

Liquidity or capital? : the impacts of easing credit constraints in rural Mexico

Aparicio, Gabriela; Bobić, Vida; De Olloqui, Fernando; … - 2021

This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution. In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two- to...

Persistent link: https://www.econbiz.de/10012583895

Formal saving in developing economies : barriers, interventions, and effects

Di Giannatale, Sonia; Roa, María José - 2016

This paper discusses the determinants of and the barriers to formal saving both from the theoretical point of view and based on empirical evidence from various associated interventions and their possible effects at the micro and macroeconomic levels. It presents a comprehensive review of the...

Persistent link: https://www.econbiz.de/10011588558

Psychometrics as a tool to improve screening and access to credit

Arráiz, Irani; Bruhn, Miriam; Stucchi, Rodolfo - 2015

This paper studies the use of psychometric tests, designed by the Entrepreneurial Finance Lab (EFL), as a tool to screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use administrative data covering the period from June 2011 to April 2014...

Persistent link: https://www.econbiz.de/10011485359

Targeting credit through community members

Vera Cossío, Diego Alejandro - 2019

Limited borrower information may create targeting distortions in credit markets. Community-based lending programs may reduce these distortions by exploiting information transmitted in local networks, but connections may create asymmetries in power. This paper analyzes how local leaders balance...

Persistent link: https://www.econbiz.de/10012154414

Investigating credit transmission mechanism in the Republic of Macedonia : evidence from Vector Error Correction Model

Eliskovski, Milan - 2018

Research subject of this paper is the credit transmission mechanism in the Republic of Macedonia or in other words this paper investigates the effects of the monetary signals by the National Bank of the Republic of Macedonia on banks' lending. The credit transmission is analyzed through its...

Persistent link: https://www.econbiz.de/10011852881

Experimental evidence on credit constraints

Bando Grana, Rosangela; Uribe, Claudia - 2016

explore the effects of enabling savings as a tool to smooth consumption, keeping income constant. The study focuses on … the existence of such constraints. Traditional tests observe how consumption changes after an unexpected income shock …. Such changes can also result from myopic behavior or precautionary savings. This study uses a randomized control trial to …

Persistent link: https://www.econbiz.de/10011457930

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