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dc.contributor.authorDisney, Richarden
dc.contributor.authorFichera, Eleonoraen
dc.contributor.authorOwens, Trudyen
dc.date.accessioned2011-03-16-
dc.date.accessioned2012-10-24T12:00:41Z-
dc.date.available2012-10-24T12:00:41Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/65427-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aThe University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT) |cNottinghamen
dc.relation.ispartofseries|aCREDIT Research Paper |x10/08en
dc.subject.jelO16en
dc.subject.jelO17en
dc.subject.ddc330en
dc.subject.keywordinformal lendingen
dc.subject.keywordmicrofinanceen
dc.subject.keywordevaluation methodsen
dc.subject.stwArmutspolitiken
dc.subject.stwMikrofinanzierungen
dc.subject.stwFinanzmarkten
dc.subject.stwCrowding outen
dc.subject.stwMalawien
dc.titleHas the introduction of microfinance crowded-out informal loans in Malawi?-
dc.typeWorking Paperen
dc.identifier.ppn654203253en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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