Microfinance in Mexico
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Orozco Ardila, Samuel1, Forfatter
Hansen, Henrik 2, Vejleder
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
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Ukontrollerede emneord: microsavings, microcredit, microfinance, Mexico
 Abstract: Whether microfinance can lift people out of poverty is debated intensively. New randomized evaluations have begun to shift the focus from microcredit to microsavings; however, few direct comparisons between both services exist. Furthermore, no attempts have been made to measure the extent of the impacts of economic shocks on the poor and to evaluate how microfinance can help. This study uses panel data from Mexico to estimate the effects of both services on several welfare measures, including consumption, businesses, and dealing with economic
The evidence found here suggests that both microcredit and microsavingsperform similarly, and that their greatest contribution is to help households deal with many of their everyday needs; thoughnot necessarily to lift them out of poverty. In particular, microfinance helps poor households manage their income in a better way, allowing them to increase non-food consumption, investment in businesses, and to deal with emergencies such as unemployment and accidents. However, no impacts are found for consumption of durable goods, though indications of strong effects of leaving the formal financial system are observed. Finally, investment in businesses seems to be more directed to efficiency and maintenance than to expansion.
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Bogmærk denne post:
 Type: Speciale
Alternativ titel: Analyzing the Benefits and Challenges of Microsavings
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Sprog: English - eng
 Datoer: 2013-01-29
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: 1 Introduction 3
2 Measuring theEffects ofCauses 5
2.1 The Fundamental Problem 5
2.2 How Randomization Helps 8
2.3 Other Techniques for Measuring Impacts 9
3 WhatDoWeKnowabout the Impacts
of Microfinance? 15
3.1 Cross-section Studies 15
3.2 Randomized Studies 17
3.3 Panel Data Studies 20
3.4 Remarks 21
4 TheoreticalFramework 23
4.1 An Illustrative Model 23
4.2 Formal Savings Market 26
4.3 Formal Credit Market 27
4.4 Lump Sums and Income Volatility 29
5 Data 31
5.1 The Mexican Family Life Survey 31
5.2 Data Characteristics 33
5.3 Who Are the Borrowers? 36
5.4 Who Are the Savers? 42
5.5 On Household Businesses 46
6 PanelAnalysis 48
6.1 Using Panel Data to Evaluate Microfinance 48
6.2 Results 51
7 ConclusionandDiscussion 75
 Note: -
 Type: Speciale
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