Access to Microfinance Effect and Economic Welfare

Microfinance Performance and Domestic GDP Growth: Testing the Resiliency of Microfinance Institutions to Economic Change

Microfinance has been a topic of much interest recently, in particular the question of whether microfinance institutions can help poor clients while remaining financially sustainable. Recent research has fed hope that they can, suggesting that microfinance institutions are financially resilient to downturns in the domestic marketplace. Not only does this suggest that microfinance institutions m...

Expansion and welfare in microfinance: A screening model☆

a r t i c l e i n f o The expansion of microfinance has triggered concerns of rising indebtedness, and higher default and interest rates. Using a screening model, we show that even if interest and default rates increase due to expansion, borrower welfare may improve. This is because: (i) all borrowers previously denied credit can obtain loans, and (ii) screening costs for pre-existing borrowers...

Unemployment and Economic Welfare

David Andolfatto is a professor of economics at the the University of Waterloo and the University of Western Ontario. Paul Gomme is an economic advisor at the Federal Reserve Bank of Cleveland. Both authors are members of the Centre for Research on Economic Fluctuations and Employment in Montreal, Canada. They thank LutzAlexander Busch, Gordon Myers, and Ed Nosal for helpful comments and critic...

Car Access and Welfare-To-Work

Trading off access to enhance welfare.