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  • 1
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Strobbe, Francesco Cash Transfers in an Epidemic Context
    Abstract: This paper investigates the short-run consumption expenditure dynamics and the interaction of public and private arrangements of ultra-poor and labor-constrained households in Malawi using an original dataset from the Mchinjii social cash transfer pilot project (one of the first experiments of social protection policies based on unconditional cash transfers in Sub-Saharan Africa). The authors exploit the unique source of exogenous variation provided by the randomized component of the program in order to isolate the effect of cash transfers on consumption expenditures as well as the net crowding out effect of cash transfers on private arrangements. They find a statistically significant reduction effect on the level of consumption expenditures for those households receiving cash transfers, thus leading to the rejection of the perfect risk sharing hypothesis. Moreover, by looking at the effects of cash transfers on private arrangements in a context characterized by imperfect enforceability of contracts and by a social fabric heavily compromised by high HIV/AIDS rates, the analysis confirms the presence of crowding out effects on private arrangements when looking at gifts and (to a lesser extent) remittances, while informal loans seem to be completely independent from the cash transfer's reception. From a policy perspective, the paper offers a contribution to the evaluation of the very recent wave of social protection policies based on (unconditional) cash transfers in Sub-Saharan Africa, suggesting that there might be an important role for public interventions aimed at helping households to pool risk more effectively
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Language: English
    Pages: 1 Online-Ressource (circa 28 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9100
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Alibhai Salman Gender Bias In SME Lending: Experimental Evidence From Turkey
    Keywords: Graue Literatur
    Abstract: Gender disparities in small and medium-size enterprise lending exist around the world and impede the growth of millions of women-led firms. This paper examines a potential driver of these disparities: gender-biased loan officers. Officer bias is measured through a novel loan application experiment conducted with 77 loan officers in Turkish banks. The analysis finds that 35 percent of the loan officers are biased against female applicants, with women receiving loan amounts USD14,000 lower on average compared with men. Experience in the banking sector can attenuate this bias, with each year of experience reducing gender biased loan allocations by 6 percent. The results suggest that loan officers may use gender bias as a heuristic device given limited information and risk aversion. Helping newly recruited and lesser experienced loan officers to better discern loan application quality may thus improve financing of business loans to women and reduce gender gaps in entrepreneurship
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  • 3
    Language: English
    Pages: 1 Online-Ressource (62 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Limodio, Nicola The Development Impact of Financial Regulation : Evidence from Ethiopia and Antebellum USA
    Abstract: In absence of deposit insurance, underdeveloped financial systems can exhibit a coordination failure between banks, unable to commit on safe asset holding, and depositors, anticipating low deposit repayment in bad states. This paper shows conditions under which a government can solve this failure by imposing safe asset purchases, which boosts deposits by increasing depositor repayment in bad states. In so doing, financial regulation stimulates bank profits if subsequent deposit growth exceeds the intermediation margin decline. As a result, it also promotes loans and branch installation with deposits. Two empirical tests are presented: 1) a regulation change by the National Bank of Ethiopia in 2011; 2) the introduction of bank taxes in Antebellum USA (1800-1861). Analyzing bank balance sheets and long-term branch installation, the regulation effects are isolated exploiting heterogeneity in bank size and policies introduction respectively, and find increases in branches, deposits, loans, and safe assets, with no decline in overall profits
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Language: English
    Pages: 1 Online-Ressource (31 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Limodio, Nicola Financial Regulation and Government Revenue : The Effects of a Policy Change in Ethiopia
    Abstract: Financial regulation affects government revenue whenever it imposes both the mandatory quantity and price of government bonds. This paper studies a banking regulation adopted by the National Bank of Ethiopia in April 2011, which forces all private banks to purchase a fixed negative-yield government bond in proportion to private sector lending. Having access to monthly bank balance sheets, a survey of branch costs and public finances documentation, the effect of the policy on government revenue can be tracked. This is compared to three plausible revenue-generating alternatives: raising funds at competitive rates on international markets; distorting the private lending of the state-owned bank; and raising new deposits through additional branches of the state-owned bank. Three main results emerge: the government revenue gain is moderate (1.5-2.6 percent of the tax revenue); banks comply with the policy and amass more safe assets; banks' profit growth slows without turning negative (from 10 percent to 2 percent)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other Papers
    Abstract: In October 2012, the Government of Ethiopia launched the Women Entrepreneurship Development Project (WEDP), with the aim of increasing the earnings and employment of growth-oriented micro and small enterprises (MSEs) owned or partly-owned by women entrepreneurs in Ethiopia. In doing so, it created the first ever women-entrepreneur focused line of credit in Africa, and one of few such operations in the world. In addition to the USD 45.9 million in financing, WEDP also offered a variety of innovative training opportunities, designed to not only enhance the business skills of its clients, but their entrepreneurial mindset and practices as well
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  • 6
    Language: English
    Pages: 1 Online-Ressource (circa 30 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8608
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Alibhai, Salman Taking Management Digital: Lessons from the Development of an Innovative Management Information System for Small Businesses in Ethiopia
    Keywords: Graue Literatur
    Abstract: In many aid projects, monitoring and evaluation is a static exercise driven by donor reporting requirements. After project closure, there are seldom sustainable benefits of the monitoring and evaluation system. This paper examines how monitoring and evaluation can be transformed into a dynamic tool for effective project management, with benefits carrying over beyond the typical project lifecycle. The paper assesses an innovative, digital management information system developed under the Women Entrepreneurship Development Project, a Government of Ethiopia initiative financed by a World Bank International Development Association loan and grant funding from Global Affairs Canada. The paper examines the context of the development of the management information system, its effectiveness, and its potential for sustainability. Ethiopia is among the poorest countries in the world, and government administration units involved in administering projects often face funding and resource shortfalls. The paper demonstrates how effective and sustainable monitoring and evaluation systems can be developed even in challenging contexts such as these, by focusing on simple technical solutions that can be maintained and refined locally, ensuring low development and maintenance costs compatible with government monitoring and evaluation budgets, and linking project-level monitoring and evaluation to broader government operations
    URL: Volltext  (Deutschlandweit zugänglich)
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