extracted from the author's book “Poverty Traps and Microfinance: From Financial Inclusion to Sustainable Development,” Ibidem …A poverty trap is concerned with many possible different self-reinforcing mechanisms which cause misery to persist in a … vicious circle.Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one …

We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …

This paper studies the association between financial development, financial stability, and poverty for a sample of 109 … development, and only a few recent studies have looked at the effects of financial stability on poverty. However, none of the … existing studies has looked at the interaction effect of the two on poverty. Our contribution to this literature is manifold …

, measuring the pro-poorness of the growth process is complex due to (i) measurement errors and (ii) effect shocks that may hit …