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Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65427
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Disney, Richard | | en_US |
| dc.contributor.author | | Fichera, Eleonora | | en_US |
| dc.contributor.author | | Owens, Trudy | | en_US |
| dc.date.accessioned | | 2011-03-16 | | en_US |
| dc.date.accessioned | | 2012-10-24T12:00:41Z | | - |
| dc.date.available | | 2012-10-24T12:00:41Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/65427 | | - |
| dc.description.abstract | | This paper uses household data to test whether microfinance institutions created by the Malawian government in the mid-1990s under its Poverty Alleviation Programme crowded out access to informal loans. As in several recent studies, the paper adopts policy evaluation techniques to identify a causal relationship between access to government-sponsored credit programmes and informal loans. After taking treatment heterogeneity into account with a multiple treatment model, the paper finds strong evidence of crowding out of formal group lending on informal sources. In particular, participation in the most widespread microfinance programme has a negative and significant effect on borrowing from informal sources, reducing on average the amount that members borrow from informal lenders by more than 70 percent of the average loan value. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Centre for Research in Economic Development and International Trade, Univ. of Nottingham Nottingham | | en_US |
| dc.relation.ispartofseries | | CREDIT Research Paper 10/08 | | en_US |
| dc.subject.jel | | O16 | | en_US |
| dc.subject.jel | | O17 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | informal lending | | en_US |
| dc.subject.keyword | | microfinance | | en_US |
| dc.subject.keyword | | evaluation methods | | en_US |
| dc.subject.stw | | Armutspolitik | | en_US |
| dc.subject.stw | | Mikrofinanzierung | | en_US |
| dc.subject.stw | | Finanzmarkt | | en_US |
| dc.subject.stw | | Crowding out | | en_US |
| dc.subject.stw | | Malawi | | en_US |
| dc.title | | Has the introduction of microfinance crowded-out informal loans in Malawi? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 654203253 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CREDIT Research Papers, The University of Nottingham
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