This article proposes to analyze Grameen Bank operational system and its own evolution, illustrating the values that support this economics theory and the innovations that microcredit brings to the understanding of economics and banking phenomena

Credit rationing arising out of informational asymmetry and lack of collateral has been an established economic constraint. These constraints are magnified for small businesses. We have made an attempt to capture the dimension of trustworthiness (calculative trust) by designing a multi-period...

Lending to rural borrowers is a key element of pursuing the poverty alleviation mission of microfinance. However, a strong focus on rural areas is said to hamper the sustainability of microfinance institutions (MFIs). We analyze this potential trade-off based on data covering 802 microfinance...

Rural homeownership is promoted in the United States by mortgage insurance programs administered by the federal government. We analyze the choice between assistance offered by two such agencies: the Federal Housing Administration and the Rural Housing Service. We find applicants are sensitive to...

Empirical research on the causes of financial crises has grown in recent decades. Early work, such as that by Kaminsky and Reinhart, helped establish the link between asset prices and banking crises. While this initial research focused on equity prices, subsequent research expanded the analysis...

This paper analyzes a large database provided by INFONAVIT, Mexico's principal mortgage issuer, which contains information on borrowers' repayment behavior. It finds that borrowers who received subsidies do not show higher default rates than borrowers who received no financial assistance....

In this article, based on the past/current local housing finance initiatives, market conditions, national housing policy and lessons from global financial crisis, we examine whether market based housing finance system may provide efficient policy instrument to solve housing (finance) question of...

We study how information sharing between banks influences the geographical clustering of branches. We construct a spatial oligopoly model with price competition that explains why bank branches cluster and how the introduction of information sharing impacts clustering. Dynamic data on 59,333...

Prior to an increase in the guaranty cap offered to mortgage lenders through the VA Home Loan program, I document nearly complete bunching of loan amounts at this cap. When the cap rises, I show that borrowers were more positively selected: they were more likely to repay their loans despite...

This study explores the effect of spatial competition as well as other factors (i.e. bank-specific characteristics, industry-specific characteristics, and macroeconomics variables) on rural banks performance (profitability and efficiency) in Indonesia. A distance proxy (physical distance from a...