Pro-Poor Growth & Microfinance: Some Related Evidence, and a Research Agenda. Jonathan Zinman FRBNY*. Dean S. Karlan Princeton University, M.I.T. Poverty Action Lab. World Bank April 21st, 2005
Dean S. Karlan
M.I.T. Poverty Action Lab
April 21st, 2005
* Views expressed are those of the authors and do not necessarily represent those of the Federal Reserve System or the Federal Reserve Bank of New York.
I. Can microfinance be used to promote pro-poor growth?
II. If it can, how?
Some research findings we need to help answer the big questions:
Moral Hazard / Repayment Burden
Re: Question #1 (Decision-Making)
Re: Question 2. How financial markets work:
Evidence on Question #1 (Decision-Making)
Re: Question #3. Marginal returns, and the billion-dollar impacts question.