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Keyword: finance;

13 results found.

Economics of Industry Paper

Government financing of R&D: A mechanism design approach

Saul Lach, Zvika Neeman and Mark Schankerman

We study how to design an optimal government loan program for risky R&D projects with positive externalities. With adverse selection, the optimal government contract involves a high interest rate but nearly zero co-finan...Read more...

26 August 2020

CASEreport

EXECUTIVE SUMMARY - Managing the Unmanageable: Debt and Financial Resilience in Newham

Laura Lane and Anne Power

An executive summary of CASEreport 123 (https://sticerd.lse.ac.uk/dps/case/cr/casereport123.pdf) which aims to understand the links between work, low pay, benefits, credit, debt, and savings among low-income households i...Read more...

9 July 2019

Development Discussion Paper

Group Lending Without Joint Liability

Thiemo Fetzer, Maitreesh Ghatak and Jonathan de Quidt

This paper contrasts individual liability lending with and without groups to joint liability lending. By doing so, we shed light on an apparent shift away from joint liability lending towards individual liability lending...Read more...

16 July 2013

SPCC Research Note

The Distribution of Local Government Finance by Local Authority-Level Deprivation

Ruth Lupton, Amanda Fitzgerald and Alex Fenton

This research note describes the methodology adopted in SPCC to track the relationship between central government spending and deprivation at the local authority level, thus addressing the question, over time and under d...Read more...

1 May 2013

Development Discussion Paper

Market Structure and Borrower Welfare in Microfinance

Jonathan de Quidt, Thiemo Fetzer and Maitreesh Ghatak

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower welfare under different market structures,considering a benevolent non-profit lender, a for-profit monopol...Read more...

1 September 2012

CASEpaper

Localisation and the means test: A case study of support for English students from Autumn 2012

John Hills and Ben Richards

The combination of spending cuts, efforts to protect the poorest from some of their effects, and ‘localised’ decision-making are leading to an increase in the numbers of means tests designed by lower level institutions. ...Read more...

1 May 2012

Development Discussion Paper

Contract Structure, Risk Sharing and Investment Choice

Greg Fischer

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected ret...Read more...

February 2011

Development Discussion Paper

Repayment Frequency in Microfinance Contracts with Present-Biased Borrowers

Greg Fischer and Maitreesh Ghatak

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that f...Read more...

July 2010

International Studies Paper

Weaknesses in Japan’s Postwar Politics

Reiko Oyama and Tomoki Takeda

Discusses Japan’s political immobilism caused by lack of strong ministerial leadership and failure of reform initiatives. Attributes it to the power of factions within political parties which reforms have failed to break...Read more...

1 June 2010

Development Discussion Paper

The Flypaper Effect Revisited

Fernando Aragon

This paper argues that there is nothing anomalous about the flypaper effect. I develop a simple median voter model of government spending with costly tax collection that predicts the flypaper effect and provide a quantif...Read more...

January 2009

CASEpaper

Refinancing Europe’s Higher Education through Deferred and Income-Contingent Fees: An empirical assessment using Belgian, German and UK data

Vincent Vandenberghe and O Debande

The arguments for refinancing the European Union’s (EU) higher education via higher tuition fees largely rest on preserving the profitability of the educational investment and offering deferred and income-contingent paym...Read more...

June 2007

Development Economics Paper

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

Robin Burgess and Rohini Pande

Lack of access to finance is often cited as a key reason why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirial evidence on this issue. Between 1977 and 1990, t...Read more...

August 2003

CASEpaper

United Kingdom Education 1997-2001

Howard Glennerster

This paper reviews the achievements of the Labour Government's education policy between 1997 and 2001. Tony Blair claimed that his Government would make education a priority. The first part of the paper reviews the scale...Read more...

November 2001