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Unpacking the causal chain of financial literacy (English)

A growing body of literature examines the causal impact of financial literacy on individual, household, and firm level outcomes. This paper unpacks the mechanism of impact by focusing on the first link in the causal chain. ... See More +

Policy Research Working Paper WPS5798 SEP 01, 2011

Carpena, Fenella; Cole, Shawn; Shapiro, Jeremy; Zia, Bilal Disclosed

Liability structure in small-scale finance : evidence from a natural experimen (English)

Microfinance, the provision of small individual and business loans, has witnessed dramatic growth, reaching over 150 million borrowers worldwide. ... See More +

Policy Research Working Paper WPS5427 SEP 01, 2010

Carpena, Fenella; Cole, Shawn; Shapiro, Jeremy; Zia, Bilal Disclosed