Link to today's faiV with a cheatsheet of links to papers: https://mailchi.mp/financialaccess/the-faiv-week-of-dec32018
Banerjee, Duflo, Glennerster, Kinnan, “The Miracle of Microfinance” https://www.aeaweb.org/articles?id=10.1257/app.20130533
Banerjee, Karlan and Zinman, “Six Randomized Evaluations of Microcredit”, https://www.aeaweb.org/articles?id=10.1257/app.20140287
FWIW, depending on who the audience is here, should we define some of the technical language when it comes up?
By the way, feel free to use the chat window or the Q&A window (Buttons on the bottom of your screen) to make comments or ask questions
Meager, “Understanding the Average Impact of Microcredit Expansions” https://www.aeaweb.org/articles?id=10.1257/app.20170299
Wydick, “Microfinance on the Margin” https://68e120ee-a-f00c7fac-s-sites.googlegroups.com/a/usfca.edu/wydick/home/research/mfcomment.pdf
Breza and Kinnan, “Measuring the Equilibrium Effects of Credit” https://drive.google.com/file/d/1l6QoCnGkkYNv2p3NvgglbLq9lRZ555nj/view
Muralidharan, Niehaus and Sukhtankar, “General Equilibrium Effects of (Improving) Public Employment Programs” https://econweb.ucsd.edu/~kamurali/papers/Working%20Papers/NREGS_GE%20(Current%20WP).pdf
A quick note to all that there is a poll (again button at the bottom of screen) to provide some feedback on this experiment. Please take a few moments to answer the 6 questions.
Bauchet, Morduch and Ravi, “Failure vs. Displacement” https://www.sciencedirect.com/science/article/pii/S0304387815000413
Bergquist, Burke and Miguel, “Arbitrage and Local Price Effects in Kenyan Markets” https://www.nber.org/papers/w24476
How is that different than any efficient financial sector development?
Hardy and Kagy, "It's Getting Crowded in Here": https://www.dropbox.com/s/kdz1or4r0404k9w/ITS_GETTING_CROWDED_HARDY_KAGY.pdf?dl=0
de Mel, McKenzie and Woodruff, “Returns to Capital in Microenterprises” https://academic.oup.com/qje/article-abstract/123/4/1329/1933166
Banerjee, Breza, Duflo and Kinnan, “Do Credit Constraints Limit Entrepreneurship?” https://drive.google.com/file/d/1P4fB7xOtejNaUV703uUrVQmHVX41qNfb/view
hmmm… I don’t think targeting only high growth enterprises makes sense, because there is no business case- so then you cut capital access. Also, saturating the market generally serves the cash flow smoothing concern, so it doesn’t have to be bad if it’s done responsibly…perhaps more studies should be done in LATAM where borrowers take higher loans and evaluations are based on cash flow analysis? These loans can actually be useful for a larger business.
Does that measurement of the amount of subsidy per borrower give us information about the marginal cost of expanding access?
Cull, Demirguc Kunt and Morduch, “The Microfinance Business Model: Enduring Subsidy and Modest Profit”, http://documents.worldbank.org/curated/en/404501470669620154/The-microfinance-business-model-enduring-subsidy-and-modest-profit
The concern would be that adding the cost of taking savings and encouraging them would increase that subsidy # because even profitable MFIs cross subsidize their savings business w their income
Gisella, thanks! Your paper gives me continued faith in supporting women’s business!!!