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This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …
Persistent link: https://www.econbiz.de/10011390685
This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …
Persistent link: https://www.econbiz.de/10009772193
stirred so much attention in the last two decades as that of the provision of microfinance through specialised institutions … establishment of microfinance institutions (MFIs) world-wide for the provision of collateral free loans to the poor through …
Persistent link: https://www.econbiz.de/10010295409
Over the last 35 years, microfinance has been generally regarded as an effective policy tool in the fight against … address this question, we conduct a systematic review of the quantitative literature of microfinance's impacts in the … the limited comparability of outcomes and the heterogeneity of microfinance-lending technologies, together with a …
Persistent link: https://www.econbiz.de/10011776445
Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which …
Persistent link: https://www.econbiz.de/10012973765
Selection into self-employment among the poor is dominated by subsistence concerns, which leads to high levels of unproductive self-employment in developing countries. We incorporate this view into an otherwise benchmark macro-development model by allowing for labor frictions. Standard models...
Persistent link: https://www.econbiz.de/10012317158
value chain relationships: value chain microfinance (VCMF). We first explore how VCMF can both overcome barriers to … microfinance studying the demand for and effects of VCMF in credit, insurance, and savings markets. We conclude by highlighting …
Persistent link: https://www.econbiz.de/10014468284
This paper studies the problem of financing a child's primary education when the parent is faced with credit constraints, contracting with minors is not possible and the legal enforceability of contracts is limited – a profound problem in many developing countries. It presents a model in which...
Persistent link: https://www.econbiz.de/10013113723
Microfinance institutions (MFIs) work towards financial inclusion, livelihood sustainability through micro …
Persistent link: https://www.econbiz.de/10012903351
The existing theoretical analysis of microfinance focuses on the nature of the loan contracts that mitigates the … generation' puzzles and debates in the microfinance movement. Our analysis shows that a focus on the labor market helps explain a … number puzzling aspects of microfinance in developing countries like (i) credit-worthiness of poor women borrowers facing …
Persistent link: https://www.econbiz.de/10014048506