dunnettreader + article + financial_access   3

Special Issue: Microfinance -- AEAweb: American Economic Journal: Applied Economics Vol. 7 No.1, Jan 2015
Abstract of introductory article -- Causal evidence on microcredit impacts informs theory, practice, and debates about its effectiveness as a development tool. The six randomized evaluations in this volume use a variety of sampling, data collection, experimental design, and econometric strategies to identify causal effects of expanded access to microcredit on borrowers and/or communities. These methods are deployed across an impressive range of locations—six countries on four continents, urban and rural areas—borrower characteristics, loan characteristics, and lender characteristics. Summarizing and interpreting results across studies, we note a consistent pattern of modestly positive, but not transformative, effects. We also discuss directions for future research. -- broad conclusion to be expected contra the hype -- but focus still seems to be on *credit* (with assumptions re micro and SME entrepreneurs and business formation) rather than access to services -- also question whether the former Yugoslavia study really dealt with "micro", likely the sort of labeling of SMEs as micro like Aftab's programs
journals-academic  article  paywall  microfinance  access_to_finance  development  economic_growth  economic_sociology  development-impact  RCT  econometrics  causation  causation-social  financial_sector_development  financial_economics  financial_access  institutional_economics  banking  credit  financial_innovation  SMEs  access_to_services  EF-add 
january 2015 by dunnettreader
Mark Elliott Budnitz - The Development of Consumer Protection Law, the Institutionalization of Consumerism, and Future Prospects and Perils (2010) :: SSRN
Georgia State University College of Law -- Georgia State University Law Review, Vol. 26, No. 4, p. 1147, 2010 -- The article examines major developments in the statutes, regulations and Supreme Court cases that have regulated consumer financial services since 1969. Major victories and defeats in the battle for laws protecting consumers are described. Consumer protection law is analyzed within the context of consumerism and its role as a movement for social change and law reform. The article describes the development of a permanent organizational structure for engaging in consumer law reform. This development has resulted in the institutionalization of consumerism and its values have become embedded in society’s values, better ensuring its survival. Finally, the article explores the prospects of the continued development of strong consumer protection law and the perils it faces in the future. -- Number of Pages in PDF File: 64 - Keywords: consumer protection, consumers, financial services, consumer protection law, consumerism, social change, reform, consumer law, legal history. -- didn't download
article  SSRN  US_legal_system  political_culture  legal_history  20thC  21stC  business-norms  business-and-politics  consumer_protection  consumerism  financial_system  financial_access  financial_regulation  reform-legal  reform-finance  SCOTUS  financial_innovation  EF-add 
november 2014 by dunnettreader
Claire Célérier, Adrien Matray - Unbanked households: Evidence of supply-side factors | vox 23 September 2014
There is an urgent need to understand why many households in the US do not hold a bank account. This column argues that supply-side factors – standard bank practices that ration certain households – play a role in this. The evidence comes from the staggered interstate branching deregulation after 1994 that provides an exogenous shock on bank competition. Further findings suggest that access to bank accounts improves access to credit without translating into higher ratios of debt to income. -- increased competition made a substantial difference in reducing unbanked, especially of blacks that the cozy locals seem not to have seen as prospective customers
article  economic_history  20thC  21stC  US_economy  banking  competition-financial_sector  financial_sector_development  financial_innovation  financial_access 
september 2014 by dunnettreader

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