While economies of scope of lending and mobilizing deposits in banking are justified theoretically (Diamond, 1984) and found empirically (see Saunders, 1999), in microfinance, the existence and the magnitudes of scope economies has not been investigated. We use a semi parametric smooth...

Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to help low-income borrowers to handle better debt, and thus prevent default, counseling could also improve these borrowers...

CDFI serve an important social function because by providing access to financial services to underserved low-income individuals and families. Understanding what governance mechanisms promote efficient use of scarce resources that these organizations possess matters because only sustainable...

Direct disaster payments have been criticized as inefficient and inequitable. In this article, the impact of weather and climate, as well as economic and political variables, on crop disaster payments is analyzed using county level data from four states in the southeastern United States. The...

The paper examines the impact of MFIs on microenterprises in Ghana. Employing the financing constraints approach and using 2007 BEEPS data, supported with a Propensity Score Matching method, results indicate that unconstrained microenterprises are less sensitive to internal funds and thus MFIs...

This paper is prepared for SAEA 2013 conference