This paper uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in … Bangladesh. With the phenomenal growth of microfinance institutions representing 30 million members with over $2 billion of … induced impact on household welfare. A dynamic panel model is used to address a number of issues, such as whether credit …

Microfinance is generally seen as a way to fix credit markets and unleash the productive capacities of poor people who … are dependent on self-employment. The microfinance sector has grown quickly since the 1990s, paving the way for other …, generating a backlash against microfinance. This paper reconsiders the claims about microfinance, highlighting the diversity in …

This paper describes a new index of the quality of the business environment for microfinance institutions (the Global … Microscope on the Microfinance Business Environment). Regressions are used to validate the index by linking it and its … subcomponents to microfinance outcomes. The main findings are that the components of the index related to the supporting …

infeasible or yield unstable estimates. To identify parameters that could be used in such cases, a cointegrating panel approach … calibration or Bayesian estimation, because the functional forms imposed in the panel are consistent with those used in the macro …

-resource economy, efficiency of spending, and sustainability of fiscal outcomes, the analysis finds that, although investment … fiscal sustainability concerns are taken into consideration. Finally, a balanced composition is the preferred structure of …

, inclusion, and sustainability in a developing country context. The findings are summarized and methodologies are critically …