Tag: financial crises


Like Watching Econometricians Argue

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In chapter 6, I liken the old argument between Mark Pitt and Jonathan Morduch over the meaning of Pitt and Khandker's paper on the impact of microcredit to "a debate between two nuclear physicists over obscure properties of uranium isotopes." Then, I'm just realizing now, I mix my metaphors: "And not even the litigants could fully explain what was going on because each used his own methods and did not, or could not, reconcile his results with the other’s." I'll fix the mixe

Signs of Trouble

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Given the microfinance crises in various countries in the last few years, I've been wondering which place might be next. Partly inspired by the format of Daniel Rozas's analysis of Andhra Pradesh a couple of years ago, I made scatter plots of some indicators of potential danger, such as number of microloans outstanding per adult (someone 15--64 years old) and the rate of growth in number of loans.

The Investigators Speak

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Like the jurors after the OJ trial, members of the committee to investigate the Grameen Bank are talking to the media. And they are doing some of it in English, which is giving those of us who don't read Bengali more insight into the panel's deliberations.

Not Exactly "Pushing"

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Something called IRIN, a news service of the U.N. Office for the Coordination of Humanitarian Affairs, ran this headline last week: "Microfinance institutions pushed loans, admits major NGO." The "admission" came from Shameran Abed, head of BRAC's microfinance program in Bangladesh and son of BRAC founder Fazle Abed.

Leaked Findings of Grameen Bank Investigative Committee

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Prime Minister Sheikh Hasina's first formal act after publicly vilifying the Grameen Bank last winter was not to sue Muhammad Yunus for being 70, but to launch a committee to investigate the charges of wrongdoing in Tom Heinemann's documentary and, presumably, whatever else it could dig up. The committee's report, originally scheduled for April 4, is now due April 21.