/publications/community-influence-microfinance-loan-defaults-under-crisis-conditions-evidence-indian
Research Summary
The microfinance “group lending” approach has achieved widespread success in promoting high rates of repayment, and thus…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
The authors emphasize that the world urgently requires trillions of dollars to invest in climate action and biodiversity protection to keep…
We estimate the equilibrium effects of a public school grant program administered through school councils in Pakistani villages with…
Bureaucracies often post staff to better or worse locations, ostensibly to provide incentives.
Yet we know little about whether this works…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…
In mid-1994, Rudiger Dornbusch and Alejandro Werner warned that Mexico was heading into a crisis. Few academic papers have been so…