In Grameen Bank's group lending arrangement, all agents within a group do not borrow at the same time. Agents within a group, queue for credit and their credit is conditional on successful repayments of the previous loans. In a group lending model, where all group members borrow in the same time...

This paper shows that subsidising the cost of capital restricts the ability of the poorest to participate in the group lending mechanisms that include saving opportunities. We document the group lending mechanism used by a typical microfinance lender in Haryana, India. Individuals can...

We document the challenges faced by a sub-district called Phulbari in Bangladesh during Covid-19 lockdown. We do so using a series of 24 interviews with a wide range of individuals conducted during May 2020. What emerges is a picture of an under-resourced local administra- tion trying their best...

The traditional Solow-Swan growth framework has only one kind privately owned capital. Output saved in a period is transformed into privately owned capital through the saving channel. We add a fiscal channel that taxes output and transforms it into public goods subject to congestion. We show...

The traditional Solow-Swan growth framework has only one kind privately owned capital. Output saved in a period is transformed into privately owned capital through the saving channel. We add a fiscal channel that taxes output and transforms it into public goods subject to congestion. We show...

In Grameen Bank's group lending arrangement, all agents within a group do not borrow at the same time. Agents within a group, queue for credit and their credit is conditional on successful repayments of the previous loans. In a group lending model, where all group members borrow in the same time...

The paper asks a simple question. If individuals demand products from the firms in the economy and supply their skills concomitantly to the firms, then why should there be skill gap in the society, i.e., mismatch between skills that individuals possess and firm’s demand. After all, in a...

A series of lecture on the theory of microfinance. Using contract theoretic models, the lecture summaries the current research in the microfinance. The lecture cover consumption credit, adverse selection, moral hazard and contract enforcement

This case-study examines the group lending mechanism of a particular Microfinance Institution working in Haryana, India. The Microfinance Institution restricted the number of group members that could borrow simultaneously from it and allowed the internal lending amongst the group members. We...