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Poverty remains a pressing problem in rural areas of the developing world. This is also true for India. Expanding the … India. Nevertheless, there is empirical evidence and theoretical consideration that, credit markets fail for the poor in …
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five sets of constraints that may hinder the adoption and effective usage of savings products and services by the poor …
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We provide an explanation of the low willingness to save that is observed in many poor countries. Our explanation is based on the hypothesis that people have an over-optimistic outlook. As discussed in the psychological literature, an illusionary positive view of the future may be a good thing....
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