Credit

Credit for Climate Change: Water Tanks as a Means of Resilience

This project will measure the potential resilience and productivity impacts of the Asset Collaterised Loan model at scale.

Research Project
1 Mar 2022

Money or Power? Financial Infrastructure and Optimal Policy

In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money.

Working Paper
15 Feb 2022

Microfinance, Microentrepreneurship and Misallocation

Microfinance has been shown to have limited average impacts on incomes and profits in developing countries.

Working Paper
6 Dec 2021

The Microstructure of Corporate Bond Markets in Emerging Economies: Evidence from Africa

Using survey and interview data gathered from 13 countries in Africa, and bond issuance data from DataStream, this study reveals that corporate bond markets in Africa use reasonably modern trading infrastructure.

Research Note
29 Oct 2021

Big Loans to Small Businesses: Predicting Winners and Losers in an Entrepreneurial Lending Experiment

We experimentally study the impact of substantially larger enterprise loans, in collaboration with an Egyptian lender. Larger loans generate small average impacts, but machine learning using psychometric data reveals dramatic heterogeneity.

Working Paper
20 Sep 2021

Microfinance

Microfinance has become a widely used tool to provide credit to areas and populations that traditionally lack access to conventional banking services.

VoxDevLit
10 May 2021

Skin in the Game: Microequity and Mentorship for Online Freelancing-based Microentrepreneurs in Bangladesh

In this pilot project, we demonstrate the exciting potential of online freelancing for improving the incomes of poor youth in rural Bangladesh.

Research Note
23 Apr 2021

Repayment Flexibility and Risk Taking: Experimental Evidence from Credit Contracts

A widely held view is that small firms in developing countries are prevented from making profitable investments by lack of access to credit and insurance markets. One solution is to provide repayment flexibility in credit contracts.

Working Paper
1 Apr 2021

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality

A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium.

Journal Article
1 Jan 2021

Microfinance, Microentrepreneurship and Misallocation

This project evaluates to what extent heterogeneity in the take-up of microfinance and heterogeneity in its impacts on entrepreneurs explain the impact of microfinance on allocative inefficiency within occupational choice and investments.

Research Project
1 Jan 2021

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