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Can micro-credit bring development?
16 references·15 citing·41 second hop
Can micro-credit bring development? (2007)Can micro-credit bring development?Using Repayment Data to Test across Models of Joint Liability Lending (2007)Using Repayment Data to Test …Social Connections and Group Banking (2007)Social Connections and Group …The economics of microfinance (2006)The economics of microfinanceThe economics of microfinance (2006)The economics of microfinancePolicies and Impact: An Analysis of Village-Level Microfinance Institutions (2005)Policies and Impact: An Analy…Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect (2000)Screening by the Company You …Microfinance Beyond Group Lending (2000)Microfinance Beyond Group Len…The Microfinance Promise (1999)The Microfinance PromiseThe economics of lending with joint liability: theory and practice (1999)The economics of lending with…Group lending, local information and peer selection (1999)Group lending, local informat…Can Social Cohesion be Harnessed to Repair Market Failures? Evidence from Group Lending in Guatemala (1999)Can Social Cohesion be Harnes…Group lending, repayment incentives and social collateral (1995)Group lending, repayment ince…Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test (1994)Thy Neighbor's Keeper: The De…Occupational Choice and the Process of Development (1993)Occupational Choice and the P…Peer Monitoring and Credit Markets (1990)Peer Monitoring and Credit Ma…The pure theory of country risk (1986)The pure theory of country ri…Previous military experience and entrepreneurship toward poverty reduction: evidence from China (2021)Previous military experience …Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis (2021)Measuring the Equilibrium Imp…Financial inclusion, mobile banking, informal finance and financial exclusion: micro-level evidence from Morocco (2021)Financial inclusion, mobile b…Effect of poverty on financial development: Does trade openness matter? (2021)Effect of poverty on financia…The Macroeconomics of Microfinance (2020)The Macroeconomics of Microfi…Aid, Microfinance and income inequality: A global view (2019)Aid, Microfinance and income …Microfinance and Violence Against Women in Rural Guatemala (2017)Microfinance and Violence Aga…Financial development and poverty reduction in developing countries: New evidence from banks and microfinance institutions (2016)Financial development and pov…Group lending without joint liability (2014)Group lending without joint l…Does microfinance affect income inequality? (2014)Does microfinance affect inco…The Macroeconomics of Microfinance (2012)The Macroeconomics of Microfi…Financial Sustainability of Microfinance Institutions (MFIs) in Ethiopia (2012)Financial Sustainability of M…Medium‐ and Long‐Term Participation in Microcredit: An Evaluation Using a New Panel Dataset from Bangladesh (2011)Medium‐ and Long‐Term Partici…Microfinance Over-Indebtedness: Understanding its drivers and challenging the common myths (2010)Microfinance Over-Indebtednes…Does Self Help Group Participation Lead to Asset Creation? (2009)Does Self Help Group Particip…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)The Theory of Industrial Organization (1988)Availability and cost of credit for small businesses: Customer relationships and credit cooperatives (1998)Financial performance and Outreach: A Global Analysis of Leading Microbanks (2007)A Theory of Social Custom, of Which Unemployment May be One Consequence (1980)Ethnic diversity, social sanctions, and public goods in Kenya (2004)The Role of Social Capital in Financial Development (2004)A Course in Microeconomic Theory (2020)Structure and Change in Economic History (1983)Increasing Returns and Long-Run Growth (1986)On the mechanics of economic development (1988)Institutions as the Fundamental Cause of Long-Run Growth (2004)Chapter 6 Institutions as a Fundamental Cause of Long-Run Growth (2005)Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States (2010)Financial Intermediation and Delegated Monitoring (1984)Foundations of social theory (1990)Social Capital in the Creation of Human Capital (2000)Monitoring Corruption: Evidence from a Field Experiment in Indonesia (2005)The Empirics of Microfinance: What Do we know? (2007)Access to Financial Services: Measurement, Impact, and Policies (2009)Reforms as experiments. (1969)Credit Rationing in Markets with Imperfect Information (1981)The Contributions of the Economics of Information to Twentieth Century Economics (2000)Returns to Capital in Microenterprises: Evidence from a Field Experiment * (2008)The Miracle of Microfinance? Evidence from a Randomized Evaluation (2015)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)A Treatise on the Family (1991)The impact of group lending in Northeast Thailand (1999)Microfinance: A Comprehensive Review of the Existing Literature (2004)The company of strangers: a natural history of economic life (2004)Optimal contracts and competitive markets with costly state verification (1979)Microfinance Mission Drift? (2009)Reputation and imperfect information (1982)Bank Runs, Deposit Insurance, and Liquidity (1983)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)The Economics of Development: A Survey (1989)The Economics and Law of Sovereign Debt and Default (2009)The Role of the State in Financial Markets (1993)SOME LESSONS FROM THE EAST ASIAN MIRACLE (1996)Effect of a structural intervention for the prevention of intimate-partner violence and HIV in rural South Africa: a cluster randomised trial (2006)Rediscovering Social Innovation (2008)
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References

  • 1993Occupational Choice and the Process of Development3,112 cited
  • 1999The Microfinance Promise2,361 cited
  • 2006The economics of microfinance1,319 cited
  • 1990Peer Monitoring and Credit Markets1,315 cited
  • 1995Group lending, repayment incentives and social collateral1,227 cited
  • 1999The economics of lending with joint liability: theory and practice881 cited
  • 1999Group lending, local information and peer selection720 cited
  • 1986The pure theory of country risk573 cited
  • 1994Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test572 cited
  • 2007Social Connections and Group Banking508 cited
  • 2006The economics of microfinance455 cited
  • 2000Microfinance Beyond Group Lending437 cited
  • 2000Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect416 cited
  • 2007Using Repayment Data to Test across Models of Joint Liability Lending337 cited
  • 1999Can Social Cohesion be Harnessed to Repair Market Failures? Evidence from Group Lending in Guatemala333 cited
  • 2005Policies and Impact: An Analysis of Village-Level Microfinance Institutions

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  • 2016Financial development and poverty reduction in developing countries: New evidence from banks and microfinance institutions191 cited
  • 2021Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis132 cited
  • 2009Does Self Help Group Participation Lead to Asset Creation?127 cited
  • 2012Financial Sustainability of Microfinance Institutions (MFIs) in Ethiopia111 cited
  • 2014Does microfinance affect income inequality?101 cited
  • 2014Group lending without joint liability100 cited
  • 2021Financial inclusion, mobile banking, informal finance and financial exclusion: micro-level evidence from Morocco95 cited
  • 2020The Macroeconomics of Microfinance88 cited
  • 2011Medium‐ and Long‐Term Participation in Microcredit: An Evaluation Using a New Panel Dataset from Bangladesh81 cited
  • 2010Microfinance Over-Indebtedness: Understanding its drivers and challenging the common myths80 cited
  • 2012The Macroeconomics of Microfinance80 cited
  • 2021Effect of poverty on financial development: Does trade openness matter?26 cited
  • 2017Microfinance and Violence Against Women in Rural Guatemala23 cited
  • 2021Previous military experience and entrepreneurship toward poverty reduction: evidence from China19 cited
  • 2019Aid, Microfinance and income inequality: A global view8 cited