A body of recent studies has compared the ability of proxy-means testing (PMT), a data-driven poverty targeting procedure, and community-based targeting (CBT), a participatory method, to identify consumption-poor households. Motivated by the facts that targeted benefits typically reach...

A body of recent studies has compared the ability of proxy-means testing (PMT), a data-driven poverty targeting procedure, and community-based targeting (CBT), a participatory method, to identify consumption-poor households. Motivated by the facts that targeted benefits typically reach...

We investigate how well social collateral does as an alternative to traditional physical collateral. We do so by studying cosigned loans - a borrower´s loan is backed by the personal guarantee of a cosigner. We use a regression discontinuity approach with data from South Indian bidding Roscas....

If there were no impediments to the flow of capital across space, then interest rates would equalized. We provide evidence to the contrary. We find significant differences in interest rates across the South Indian state of Tamil Nadu, i.e. evidence that financial markets are fragmented. We also...