This paper tests the hypothesis that enterprises may forgo formal finance in lieu of informal credit by choice. They do so to avoid the additional regulatory scrutiny and harassment that engaging with the formal financial sector invites. We test this hypothesis using enterprise-level data on...

This paper tests the hypothesis that enterprises may forgo formal finance in lieu of informal credit by choice. They do so to avoid the additional regulatory scrutiny and harassment that engaging with the formal financial sector invites. We test this hypothesis using enterprise-level data on...

This paper tests the hypothesis that enterprises may forgo formal finance in lieu of informal credit by choice. They do so to avoid the additional regulatory scrutiny and harassment that engaging with the formal financial sector invites. We test this hypothesis using enterprise-level data on...

This paper tests the hypothesis that enterprises may forgo formal finance in lieu of informal credit by choice. They do so to avoid the additional regulatory scrutiny and harassment that engaging with the formal financial sector invites. We test this hypothesis using enterprise-level data on...

This paper estimates the impact of a large negative childcare shock on gender gaps in entrepreneurship using the shock created by national COVID-19 school closure policies. The paper leverages a unique data set of monthly enterprise data collected from a repeated cross-section of business owners...

This paper estimates the impact of a large negative childcare shock on gender gaps in entrepreneurship using the shock created by national COVID-19 school closure policies. The paper leverages a unique data set of monthly enterprise data collected from a repeated cross-section of business owners...

Introduction -- Background to the Somaliland private sector -- Enterprise performance -- Financial inclusion and product diversification -- The government regulatory and promotional role -- Economic governance and political economy choices -- Conclusion