Found 6 article(s) for author 'Banking Industry'

The Promise of Microfinance and Women’s Empowerment: What Does the Evidence Say?

The Promise of Microfinance and Women’s Empowerment: What Does the Evidence Say? Dina Pomeranz, February 2014, Paper. “The microfinance revolution has transformed access to financial services for low-income populations worldwide. As a result, it has become one of the most talked-about innovations in global development in recent decades. However, its expansion has not been without controversy. While many hailed it as a way to end world poverty and promote female empowerment, others condemned it as a disaster for the poor…” Link

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Entrepreneurial Finance Lab: Scaling an Innovative Start-up Financing Venture

Entrepreneurial Finance Lab: Scaling an Innovative Start-up Financing Venture. William R. Kerr, Joan Farre-Mensa, January 2014, Case. “EFL provides credit-scoring services in developing countries using psychometric assessment, but the potential loss of a large customer makes them reconsider their scaling narrative…” May require purchase or user account. Link Verified October 11, 2014

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Liability Structure in Small-Scale Finance: Evidence from a Natural Experiment

Liability Structure in Small-Scale Finance: Evidence from a Natural Experiment. Shawn Cole, September 2013, Paper. “Microfinance, the provision of small individual and business loans, has experienced dramatic growth, reaching over 150 million borrowers worldwide. Much of the success of microfinance has been attributed to attempts to overcome the challenges of information asymmetries in uncollateralized lending. However, very little is known about the optimal contract structure of these loans, and there is substantial variation across lenders, even within a particular setting. This paper exploits…” May require purchase or user account. Link verified August 21, 2014

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Reputational Contagion and Optimal Regulatory Forbearance

Reputational Contagion and Optimal Regulatory Forbearance. Lucy White, August 30, 2013, Paper. “Existing studies suggest that systemic crises may arise because banks either hold correlated assets or are connected by interbank lending. This paper shows that common regulation is also a conduit for interbank contagion. One bank’s failure may undermine confidence in the banking regulator’s competence, and, hence, in other banks chartered by the same regulator. As a result, depositors withdraw funds from otherwise unconnected banks. The optimal regulatory response to this behavior can be privately to exhibit forbearance to a failing bank…” Link

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Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates

Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates. David S. Scharfstein, Adi Sunderam, June 2013, Paper. “We present evidence that high concentration in local mortgage lending reduces the sensitivity of mortgage rates and refinancing activity to mortgage-backed security (MBS) yields. A decrease in MBS yields is typically associated with greater refinancing activity and lower rates on new mortgages. However, this effect is dampened in counties with concentrated mortgage markets. We isolate the direct effect of mortgage market concentration and rule out alternative explanations based on borrower…” Link Verified October 12, 2014

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Barclays and the LIBOR Scandal

Barclays and the LIBOR Scandal. Clayton Rose, May 2013, Case. “In June of 2012, Barclays plc admitted that it had manipulated LIBOR—a benchmark interest rate that was fundamental to the operation of international financial markets and that was the basis for trillions of dollars of financial transactions. Between 2005 and 2009 Barclays, one of the world’s largest and most important banks, manipulated LIBOR to gain profits and/or limit losses from derivative trades. In addition, between 2007 and 2009 the firm had made dishonestly low LIBOR submission rates to dampen market speculation and negative media comments about the firm’s viability during the …”  May require purchase or user account. Link verified March 28, 2014

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