Female empowermentʺ has increasingly become a policy goal, both as an end to itself and as a means to achieving other development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering women. Here, using a randomized controlled trial,...

Microfinance institutions (MFIs) work towards financial inclusion, livelihood sustainability through micro-enterprises and social development to empower the marginalized sections of communities across the globe. This paper is a modest effort to understand the unique role of MFIs in social...

Using a novel enterprise survey from Kenya (FinAccess Business), we document a strong positive association between the use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium model with heterogeneous entrepreneurs, imperfect credit...

This paper uses a quasi-randomized control design combined with observational methods to evaluate the impact of a microcredit duration on the welfare of clients of a microcredit organization in western India. We survey respondents from three cities, Mumbai, Pune, and Satara, to understand the...

The Philippines is one of the fast-growing economies in the South-East Asian and the Pacific region. This study considered eight factors: HEI PRC rate, crime rate, education, employment, health, poverty, income, and basic family amenities of the 17 regions of the country, all taken from the year...

In diesem Beitrag formulieren wir zunächst einige Hypothesen über die möglichen Beiträge der Währungspolitik zur gesamtwirtschaftlichen Entwicklung vor dem Hintergrund des berühmten Trilemmas, das prinzipiell für jede Währungsordnung gelöst werden muss. Anschließend lassen wir in einem...

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...

Wie bewältigen Haushalte den wirtschaftlichen Wiederaufbau nach einem Krieg? Sind einige Gruppen ländlicher Haushalte in einer Armutsfalle gefangen, während andere der Armut entfliehen können? Diese Fragen werden hier am Beispiel von Mosambik diskutiert, wo kurz nach der Unabhängigkeit im...

Gewalttätige Konflikte sind vor allem in notleidenden Regionen der Welt verbreitet, es ist aber wenig darüber bekannt, wie die Wirklichkeit der betroffenen Menschen aussieht und welche Entscheidungen sie zu fällen haben. In diesem Bericht untersuchen wir, wie Individuen während des...

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...