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A New Frontier of Socially Responsible Financial Sector: Microfinance and Peer-to-peer Lending
Eugenia, Macchiavello - In: Banca Impresa Società (2013) 2, pp. 277-336
Peer-to-peer lending platforms (P2P) and microfinance are both innovative instruments,having the potential of promoting … categories and regulations. The presentwork focuses on P2P specialized in microfinance (matching MFIs/microentrepreneurs'need of …
Persistent link: https://www.econbiz.de/10011157714
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CREATING A NEW TYPE OF STUDENT MANAGED FUND USING PEER-TO-PEER LOANS
Livingston, Lynda S.; Glassman, Thomas - In: Business Education and Accreditation 1 (2009) 1, pp. 1-14
Finance students can experience real-world challenges and enhance their learning by running an investment fund. However, most of the student-managed funds that currently exist are relatively large, equity-focused portfolios; few funds concentrate on debt, since fixed-income investing usually...
Persistent link: https://www.econbiz.de/10011205957
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Microcredit Impact Assessment: The Brazilian and Chilean Cases Title: Microcrédito, evaluación de impacto: Casos Brasil y Chile
Aroca, Patricio A. - Inter-American Development Bank - 2002
beneficiaries of micro-credit programs with non-beneficiaries with similar characteristics. Using propensity score and matching … microcredit programs. Drawing on two unique sources of data, control groups are built using the propensity score to match … techniques, the authors compare the average income of individuals that received microcredit to that of control groups, formed by …
Persistent link: https://www.econbiz.de/10010943746
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Dollarization of Liabilities; Beyond the Usual Suspects
Barajas, Adolfo; Morales, Armando Méndez - International Monetary Fund (IMF) - 2003
Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of emerging markets to financial and currency crises. "Usual suspects" of causing DL comprise "fatalistic" determinants such as a long history of unsound macroeconomic policies and development and...
Persistent link: https://www.econbiz.de/10005599618
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Microfinance in Africa; Experience and Lessons From Selected African Countries
Blavy, Rodolphe; Basu, Anupam; Yülek, Murat  - International Monetary Fund (IMF) - 2004
microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full …. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by …
Persistent link: https://www.econbiz.de/10005263661
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Microfinance Institutions and Public Policy
International Monetary Fund (IMF); International … - 2002
Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance …
Persistent link: https://www.econbiz.de/10005768989
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A Friend in Need is a Friend Indeed: Theory and Evidence on the (Dis)Advantages of Informal Loans
Karaivanov, Alexander; Kessler, Anke - Department of Economics, Simon Fraser University - 2013
We develop a model to study the choice between formal and informal sources of credit in a setting with strategic … predicted pattern of formal versus informal credit. …
Persistent link: https://www.econbiz.de/10010818169
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Long-Term Relationships, Group lending and Peer Sanctioning in Microfinance: New Experimental Evidence
Cornée, Simon; Masclet, David - Centre de Recherche en Économie et Management (CREM) - 2013
Microfinance is generally associated with high repayment rates. However, it is not clear whether the success of … microfinance results only from the use of group lending or is also due to other mechanisms such as peer sanctioning or dynamic … incentives induced by long-term relationships that are typically included in microfinance contracts. In this paper, we contribute …
Persistent link: https://www.econbiz.de/10010854390
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Credit Elasticities in Less-Developed Economies: Implications for Microcredit
Karlan, Dean; Zinman, Jonathan - 2007
Policymakers often urge microfinance institutions to increase interest rates to eliminate reliance on subsidies … and his co-author test the elasticity of demand for microcredit using field data from South Africa. A for-profit South … of microfinance (Working Paper Nos. 106 –111). …
Persistent link: https://www.econbiz.de/10005200920
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Report
Karlan, Dean; Zinman, Jonathan - 2007
-author provides a microfoundation for studying the real effects of credit constraints by identifying the presence (or absence) of two … specific credit market failures: adverse selection adverse selection (where sellers lack information) and moral hazard (where … information problems. This paper is one in a series of six CGD working papers by Dean Karlan on various aspects of microfinance …
Persistent link: https://www.econbiz.de/10005162675