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We demonstrate that subsidy uncertainty in microfinance can lead to mission drift and defeat poverty alleviation … efforts. Our model shows that microfinance institutions, fearing that subsidies may dry up, have no alternative but to build …
Persistent link: https://www.econbiz.de/10014187786
Conventional economics supposes that agents value the present vs. the future using an exponential discounting function. In contrast, experiments with animals and humans suggest that agents are better described as hyperbolic discounters, whose discount function decays much more slowly at large...
Persistent link: https://www.econbiz.de/10013157111
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10011373818
I examine the use of flexible savings-and-loan accounts offered by SafeSave, a microfinance institution serving poor …
Persistent link: https://www.econbiz.de/10014136621
This study examines the exposure of microfinance institutions to liquidity, interest rate and foreign exchange (FX … the largest microfinance institutions worldwide. The data suggests that microfinance institutions in the sample, on …
Persistent link: https://www.econbiz.de/10011344326
borrowers and bank employees can be harnessed to help overcome market failures. -- microcredit ; microfinance ; randomized …
Persistent link: https://www.econbiz.de/10009534143
We study theoretically and empirically the demand for microcredit under different liability arrangements and risk environments. A theoretical model shows that the demand for joint-liability loans can exceed that for individual-liability loans when risk-averse borrowers value their long-term...
Persistent link: https://www.econbiz.de/10012936215
This study examines the exposure of microfinance institutions to liquidity-, interest rate and foreign exchange (FX …) risk. Using manually collected data from microfinance institutions' financial reporting, I find that the microfinance …
Persistent link: https://www.econbiz.de/10011779562
impact of macroeconomic and micro-level factors on credit risk for microfinance institutions during the period of 2010 …
Persistent link: https://www.econbiz.de/10014500691
We worked with two microlenders to test impacts of randomly assigned reminders for loan repayments in the “text messaging capital of the world." We do not find strong evidence that loss versus gain framing or messaging timing matter. Messages only robustly improve repayment when they include...
Persistent link: https://www.econbiz.de/10014171411