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| McIntosh, Craig; de Janvry, Alain; Sadoulet, Elisabeth. |
| This paper uses data from Uganda's largest incumbent microfinance institution to analyze the impact of entry by competing lenders on client behavior. We first examine the geographic placement decisions of competitors, and find that placement decisions are strongly affected by district-level characteristics. We observe that increased competition induces a decline in repayment performance and in savings deposited with the incumbent Village Bank, suggesting multiple loan-taking by clients. Urban clients take multiple loans primarily from lenders with more individual methodologies, while rural clients borrow from several group lenders. Individuals who operate larger businesses are the ones most likely to leave the incumbent Village Bank when a Solidarity Group... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Microfinance; Competition; Credit markets; Financial Economics; O16; D14; L1. |
| Ano: 2003 |
URL: http://purl.umn.edu/25073 |
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| Belton, Willie; Uwaifo Oyelere, Ruth. |
| It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind that of other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an explanation for the savings gap that still exists between African-Americans and White Americans even after accounting for appropriate factors that can lead to savings differentials. We initially provide evidence that the savings gap exists and persist after including several control variables in a regression analysis. We then provide evidence that the persistent gap can not be attributed solely... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Savings gap; Institutions; Race; Culture; Institutional and Behavioral Economics; Political Economy; D14; D31; J15; J78; N30. |
| Ano: 2008 |
URL: http://purl.umn.edu/37089 |
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| Bogan, Vicki. |
| Economic research has documented many economic affects of offspring gender on parental behavior. However, an open question exists as to whether offspring gender has any influence on parental investment decision making. Specifically, I investigate whether female offspring have an impact on investment decisions with respect to stock and bondholding. Using a panel data set, I find that for male respondents, having only female offspring increases the probability of stockholding by over 17%. In contrast, a relationship between stockholding and offspring gender was not at all present for female respondents. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics; G11; D14. |
| Ano: 2009 |
URL: http://purl.umn.edu/48923 |
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| Hernandez, Emilio; Sam, Abdoul G.; Gonzalez-Vega, Claudio; Chen, Joyce J.. |
| The impact of public and private transfers on credit markets has not been sufficiently studied and understanding any spill over effects caused by these transfers may be useful for policy makers. This paper estimates the impact of Conditional Cash Transfers (CCTs) and remittances received by poor households in rural Nicaragua on their decision to request a loan. We find that, on average, CCTs did not affect the request of credit while remittances increased it, controlling for potential endogeneity. We argue the reduction in income risk provided by remittances changes borrowers’ expected marginal returns to a loan and/or their creditworthiness, as perceived by lenders. The successful enforcement of the use of CCTs on long-term investments seems to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Development; D14; F22; O15. |
| Ano: 2009 |
URL: http://purl.umn.edu/49319 |
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