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Microborrowers may take usurious loans to repay a loan taken from a microfinance institution because of having …. Microfinance programs should strive at preventing such consequences of bounded rationality. -- microfinance ; hyperbolic …
Persistent link: https://www.econbiz.de/10009620576
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. …
Persistent link: https://www.econbiz.de/10010322191
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. -- Microfinance …
Persistent link: https://www.econbiz.de/10003929610
microfinance investment vehicle to analyze how different motives affect the demand for distinct sustainable investments. Our …
Persistent link: https://www.econbiz.de/10012869575
This paper investigates investment performance of the most commercially developed microfinance investment funds and it … also includes a discussion of major economic characteristics of microfinance investments. When we analyze the relation … between microfinance funds' returns and the performance of stock and fixed income markets in developed and emerging economies …
Persistent link: https://www.econbiz.de/10013098019
In a general equilibrium economy with uninsurable aggregate liquidity shocks, we show that public information may trigger allocative inefficiency and liquidity crises. Entrepreneurs do not internalize the negative impact of their investment decisions on the equilibrium risk of liquidity...
Persistent link: https://www.econbiz.de/10013116285
Persistent link: https://www.econbiz.de/10012878986
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10010510508
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10010505849
This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile (and possibly uncertain) income paths, hold a risk-free asset, and face a liquidity constraint. I first show that the equilibrium capital stock in an economy without uncertainty,...
Persistent link: https://www.econbiz.de/10002679474