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faiVLive: Microcredit Impact and General Equilibrium Effects - Shared screen with speaker view
Timothy Ogden
24:11
Link to today's faiV with a cheatsheet of links to papers: https://mailchi.mp/financialaccess/the-faiv-week-of-dec32018
Timothy Ogden
28:25
Banerjee, Duflo, Glennerster, Kinnan, “The Miracle of Microfinance” https://www.aeaweb.org/articles?id=10.1257/app.20130533
Timothy Ogden
28:40
Banerjee, Karlan and Zinman, “Six Randomized Evaluations of Microcredit”, https://www.aeaweb.org/articles?id=10.1257/app.20140287
Jeff Mosenkis
28:57
FWIW, depending on who the audience is here, should we define some of the technical language when it comes up?
Timothy Ogden
30:18
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
Timothy Ogden
37:22
Meager, “Understanding the Average Impact of Microcredit Expansions” https://www.aeaweb.org/articles?id=10.1257/app.20170299
Timothy Ogden
37:33
Wydick, “Microfinance on the Margin” https://68e120ee-a-f00c7fac-s-sites.googlegroups.com/a/usfca.edu/wydick/home/research/mfcomment.pdf
Timothy Ogden
42:55
Breza and Kinnan, “Measuring the Equilibrium Effects of Credit” https://drive.google.com/file/d/1l6QoCnGkkYNv2p3NvgglbLq9lRZ555nj/view
Timothy Ogden
51:41
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
Timothy Ogden
52:53
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.
Timothy Ogden
01:02:25
Bauchet, Morduch and Ravi, “Failure vs. Displacement” https://www.sciencedirect.com/science/article/pii/S0304387815000413
Timothy Ogden
01:02:37
Bergquist, Burke and Miguel, “Arbitrage and Local Price Effects in Kenyan Markets” https://www.nber.org/papers/w24476
Barbara Magnoni
01:04:10
How is that different than any efficient financial sector development?
Timothy Ogden
01:06:00
Hardy and Kagy, "It's Getting Crowded in Here": https://www.dropbox.com/s/kdz1or4r0404k9w/ITS_GETTING_CROWDED_HARDY_KAGY.pdf?dl=0
Timothy Ogden
01:08:10
de Mel, McKenzie and Woodruff, “Returns to Capital in Microenterprises” https://academic.oup.com/qje/article-abstract/123/4/1329/1933166
Timothy Ogden
01:12:59
Banerjee, Breza, Duflo and Kinnan, “Do Credit Constraints Limit Entrepreneurship?” https://drive.google.com/file/d/1P4fB7xOtejNaUV703uUrVQmHVX41qNfb/view
Timothy Ogden
01:16:13
https://nataliarigol.files.wordpress.com/2016/11/rigol-jmp-20171009.pdf
Barbara Magnoni
01:17:15
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.
Elliott Collins
01:23:36
Does that measurement of the amount of subsidy per borrower give us information about the marginal cost of expanding access?
Timothy Ogden
01:23:59
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
Barbara Magnoni
01:25:07
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
Barbara Magnoni
01:26:01
Gisella, thanks! Your paper gives me continued faith in supporting women’s business!!!