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If you want to understand how poor people in poor countries manage money, invest in Portfolios of the Poor. The new book's four authors---Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven---took up an idea of David Hulme, to compile financial diaries of poor households.
My colleague David Roodman has decided to write his next book in public, not only by posting draft chapters as he completes them and inviting comments but also by sharing his discoveries and tribulations as he conducts the research that underpins the book. David writes:
Back in December 2006 I blogged a meeting in Paris at which the Consultative Group to Assist the Poor (CGAP), a sort of microfinance think tank operating out of the World Bank, won a mandate to hold a mirror up to the aid agencies that fund it. A year and a half later, CGAP's new SmartAid Index looks at the quality of donors' work in supporting micorofinance.
Arnold "Al" Harberger came to Washington and to CGD on Friday. For those readers who don't know, Al is, among other things, known as the father of the "Chicago Boys" -- young economists from Chile and elsewhere in Latin America who trained at the University of Chicago in the 1970s and returned to lead the reform of their countries' economies.
Parts of the microfinance world are abuzz over a new report, Role Reversal (pdf), by Julie Abrams of Microfinance Analytics and Damian von Stauffenberg of Microrate, a rating agency for microfinance institutions (MFIs).
The founder of eBay, Pierre Omidyar, has named a new leader for his personal philanthropy, Omidyar Network, as he explores ways to play a bigger role in shaping public policy, the NYT reported yesterday.
Congratulations to CGD non-resident fellow Dean Karlan of Yale who is one of 13 young economists cited for their work on “real world problems” in a recent New York Times article, “The Future of Economics Isn’t So Dismal,” by David Leonhardt. Dean’s specialty is rigorous evaluation of microfinance programs in developing countries.