Major investments have been made in developing microfinance in Asia with reducing poverty as one of the frequently stated objectives. A variety of institutional forms of microfinance are being introduced in the region - including by the ADB - and financial institutions pursue different...

Using numerical approximations of infinite-horizon, dynamic, stochastic models of farm-household behavior, we investigate the influence of several dimensions of financial development in overcoming poverty traps, through the sustained adoption of advanced production technologies. We explore...