The microfinance revolution has allowed more than million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh.
This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives. This second edition has been updated throughout to reflect the latest data.
A new chapter on commercialization describes the rapid growth in investment in microfinance institutions and the tensions inherent in the efforts to meet both social and financial objectives.
The chapters on credit contracts, savings and insurance, and gender have been expanded substantially; a new section in the chapter on impact measurement describes the growing importance of randomized controlled trials; and the chapter on managing microfinance offers a new perspective on governance issues in transforming institutions. Appendixes and problem sets cover technical material. It has been published every month since Built from the ground up to focus on what matters to students in today's high-tech, globalized world, Dean Karlan and Jonathan Morduch's Economics represents a new generation of products, optimized for digital delivery and available with the best-in-class adaptive study resources in McGraw-Hill's LearnSmart Advantage Suite.
Engagement with real-world problems is built into the very fabric of the learning materials as students are encouraged to think about economics in efficient, innovative, and meaningful ways. Drawing on the authors' experiences as academic economists, teachers, and policy advisors, a familiar curriculum is combined with material from new research and applied areas such as finance, behavioral economics, and the political economy, to share with students how what they're learning really matters.
This modern approach is organized around learning objectives and matched with sound assessment tools aimed at enhancing students' analytical and critical thinking competencies. Students and faculty will find content that breaks down barriers between what goes on in the classroom and what is going on in our nation and broader world.
By teaching the right questions to ask, Karlan and Morduch provide readers with a method for working through decisions they'll face in life and ultimately show that economics is the common thread that enables us to understand, analyze, and solve problems in our local communities and around the world. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
Research in real estate finance and economics has developed in an exciting way in the past twenty-five years or so. The resulting theoretical and empirical findings are shining a new light on some of the classic mysteries of the real estate markets.
It is good to see that a growing proportion of this research output is concerned with contemporary problems and issues regarding the European and Far Eastern property markets. To stimulate a creative exchange of new ideas and a debate of the latest research findings regarding the global property markets, the Maastricht-Cambridge Real Estate Finance and Investment Symposium was established.
This initiative aims at bringing together a number of leading researchers in the field for a short, intensive conference. The Symposium, which was hosted by Maastricht University in the Netherlands in June of that year, is the first in an annual series of such conferences, which will alternate between Maastricht University and Cambridge University.
This book is a compilation of the papers originally presented at the first Maastricht-Cambridge Symposium in In this hard-hitting polemical Karnani demonstrates what is wrong with today's approaches to reducing poverty.
He proposes an eclectic approach to poverty reduction that emphasizes the need for business, government and civil society to partner together to create employment opportunities for the poor. Improve YOUR world. Students are equipped to understand and respond to real-life situations thought their new economic lens and challenged to decided how they will improve their world. Students and faculty will find content that breaks down barriers between what takes place in the classroom and what happens in our nation and our world, with applications that are driven by empirical evidence, data, and research.
At the same time, this third edition challenges students to reach their own conclusions about how they will improve their world.
Karlan Macroeconomics Author : Dean S. Improve Your World. Murray www. Its clarity de-mystifies the investment process and its insights can make anyone who reads it a better investor. The book is the culmination of 10 years of research into the financial lives of the lowest classes of Bangladesh, India, and South Africa—with a focus on those living on less than two dollars a day per person.
In , Mark Zuckerberg announced that he highly recommended everyone read Portfolios of the Poor. This book explains how these families invest their money to best support themselves. I hope reading this provides some insight into ways we can all work to support them better as well. Getting there, though, requires us to first step back and listen. If you want to understand how poor people in poor countries manage money, invest in Portfolios of the Poor.
A researcher visits a poor household repeatedly, say, every fortnight for a year, and gathers detailed information on what its members earned, spent, borrowed, and saved since the last visit.
Through the data collection and the associated conversations she pieces together an intimate portrait of the household's financial life. Much glory in the social sciences goes to those who study causality, who seem to show that A causes B. Yet the most enlightening work is often just plain descriptive , coming from a good, long stare at A or B. Money laundering generally refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources or nature of their illicit activities.
We should focus on addressing these individual problems. Many economists debate the extent to which poverty traps may exist. On the other hand, if the potential for fast growth is high among the poor, and then tapers off as one gets richer, there is no poverty trap.
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