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  • Gine, Xavier  (6)
  • Energy Sector Management Assistance Program
  • Washington, D.C : The World Bank  (8)
  • Bielefeld : transcript
  • Finance and Financial Sector Development  (8)
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (25 pages)
    Parallel Title: Erscheint auch als Buri, Sinja Alternative Delivery Channels and Impacts: Agent Banking
    Keywords: Access To Banking ; Access To Finance ; Finance and Financial Sector Development ; Financial Inclusion ; Financial Literacy ; Microfinance ; Microfinance Channel Development ; Microfinance Product Development ; Rural Development ; Transformation of Microfinance Institutions
    Abstract: This paper reviews evidence on agent networks of microfinance institutions and other financial services providers, which have expanded rapidly in recent years in some low- and middle-income contexts. There is emerging evidence that clients become more financially active as a result of the convenience and security of transacting with agents, especially with respect to depositing, withdrawing, and transferring funds. Agent networks could also help increase the savings of low-income clients, although evidence suggests that commitment devices may also be required, and there is little evidence that agents expand credit to clients, although they can facilitate loan repayment. Building on their physical and social proximity to customers, agents can become a potential gateway for expanding and deepening financial inclusion, but the pricing of agent transactions and consumer protection remain important considerations
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Economic Crisis ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Fiscal Adjustment ; Fiscal and Monetary Policy ; Fiscal Framework ; Global Value Chains ; Global Value Chains and Business Clustering ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: Turkey saw phenomenal growth in the 2000s as economic reforms ushered in FDI, GVCs expanded, and productivity increased. The early 2000s saw Turkey exit from major economic crisis with a strengthened fiscal framework, a strengthened, inflation-targeting mandate for the Central Bank, the establishment of an independent bank regulator, and importantly, a recently agreed Customs Union agreement with the EU. From 2001 to 2017, incomes per capita in Turkey doubled in real terms and tripled in current dollar terms. Turkey transformed from a lower-middle-income country (LMIC) at the start of the 2000s to very nearly reaching high-income status by 2014. This drove a rapid fall in poverty from above 30 percent to just 9 percent1. Very few other countries matched Turkey's growth over this period, and almost all of them were new EU member states
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  • 3
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Sector Management Assistance Program Papers
    Keywords: Access To Finance ; Energy ; Finance and Financial Sector Development ; Gender ; Gender and Energy ; Solar Energy
    Abstract: The off-grid solar (OGS) sector has the potential to increase universal access to energy, alleviate poverty, support economic development, and increase gender equality. Nevertheless, although considerable advances have been made in closing gaps in access to energy, women's presence in the sector as consumers and active participants in OGS value chains remains limited. By adopting inclusive practices, governments, businesses, stakeholders, and market actors can unleash significant economic opportunities and hasten progress toward empowerment and equality and given the concessional investments that have been made in the sector, appropriate projects are an opportunity to pioneer dynamic, innovative ways to approach gender equality. This Gender Equality and Off-Grid Solar Operational Handbook responds to sectoral needs by providing operational guidance based on case studies demonstrating promising approaches to closing gender gaps in the OGS sector. The primary objective of the operational handbook is to increase the focus on off-grid energy and women's role in it at the consumer and enterprise levels. It seeks to increase productive uses of energy with a focus on women as workers in the sector, as farmers, and as business owners. It provides a practical overview of the OGS sector observed through an inclusive lens and highlights flagship projects, promising practices, and lessons learned from practitioners worldwide
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Brune, Lasse Give me a Pass: Flexible Credit for Entrepreneurs in Colombia
    Keywords: Credit Product ; Finance and Financial Sector Development ; First-Time Borrowers ; Fixed Payments ; Flexible Payments ; Microcredit ; Repayment Flexibility ; Rigid Contracts
    Abstract: Microcredit promised business growth for small firms lacking access to banking loans. Although microcredit has reached millions, recent randomized evaluations find limited average business impacts. Critics often blame contract rigidity, specifically the fixed and frequent installments, for the lack of productive risk-taking. But such rigidity may instill borrower discipline. This study partnered with a Colombian lender that offered first-time borrowers a flexible loan that permitted delaying up to three monthly repayments. The study finds null effects for revenue and profits but increases in loan defaults. The evidence thus aligns with established microlender practice of offering rigid contracts to first-time borrowers
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (20 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Statistical Analysis of Rainfall Insurance Payouts In Southern India
    Keywords: Debt Markets ; Deposit Insurance ; Emerging Markets ; Federal Reserve ; Federal Reserve Bank ; Federal Reserve System ; Finance and Financial Sector Development ; Financial Institution ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policies ; International Bank ; Labor Policies ; Microinsurance ; Private Sector Development ; Risk Factors ; Social Protections and Labor ; Urban Development ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Federal Reserve ; Federal Reserve Bank ; Federal Reserve System ; Finance and Financial Sector Development ; Financial Institution ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policies ; International Bank ; Labor Policies ; Microinsurance ; Private Sector Development ; Risk Factors ; Social Protections and Labor ; Urban Development ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Federal Reserve ; Federal Reserve Bank ; Federal Reserve System ; Finance and Financial Sector Development ; Financial Institution ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policies ; International Bank ; Labor Policies ; Microinsurance ; Private Sector Development ; Risk Factors ; Social Protections and Labor ; Urban Development
    Abstract: Using 40 years of historical rainfall data, this paper estimates a distribution for payouts on rainfall insurance policies offered to farmers in the State of Andhra Pradesh, India, in 2006. The authors find that the contracts primarily protect households against extreme tail events; half the expected value of indemnities paid by the insurance are generated by only 2 percent of rainfall realizations. Contract payouts are significantly correlated cross-sectionally, and also inversely associated with real GDP growth. The paper discusses the implications of these findings for the potential benefits of insurance to households, the risks facing a financial institution underwriting rainfall insurance contracts, and pricing
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Patterns of Rainfall Insurance Participation In Rural India
    Keywords: Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance ; Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance ; Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance
    Abstract: This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered to smallholder farmers in rural India, and presents preliminary evidence on the determinants of insurance participation. Insurance takeup is found to be decreasing in basis risk between insurance payouts and income fluctuations, increasing in household wealth and decreasing in the extent to which credit constraints bind. These results match with predictions of a simple neoclassical model appended with borrowing constraints. Other patterns are less consistent with the "benchmark" model; namely, participation in village networks and measures of familiarity with the insurance vendor are strongly correlated with insurance takeup decisions, and risk-averse households are found to be less, not more, likely to purchase insurance. We suggest that these results reflect household uncertainty about the product itself, given their limited experience with it
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Insurance, Credit, And Technology Adoption
    Keywords: Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development ; Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development ; Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development
    Abstract: The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant source of production risk is the level of rainfall. We randomly selected half of the farmers to be offered credit to purchase high-yielding hybrid maize and improved groundnut seeds for planting in the November 2006 crop season. The other half of the farmers were offered a similar credit package but were also required to purchase (at actuarially fair rates) a weather insurance policy that partially or fully forgave the loan in the event of poor rainfall. Surprisingly, take up was lower by 13 percentage points among farmers offered insurance with the loan. Take-up was 33.0 percent for farmers who were offered the uninsured loan. There is suggestive evidence that the reduced take-up of the insured loan was due to the high cognitive cost of evaluating the insurance: insured loan take-up was positively correlated with farmer education levels. By contrast, the take-up of the uninsured loan was uncorrelated with farmer education
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Group Versus Individual Liability
    Keywords: Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power ; Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power ; Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power
    Abstract: Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower transaction costs when lending to the poor by providing incentives for peers to screen, monitor, and enforce each other's loans. However, some argue that group liability creates excessive pressure and discourages good clients from borrowing, jeopardizing both growth and sustainability. Therefore, it remains unclear whether group liability improves the lender's overall profitability and the poor's access to financial markets. The authors worked with a bank in the Philippines to conduct a field experiment to examine these issues. They randomly assigned half of the 169 pre-existing group liability 'centers' of approximately twenty women to individual-liability centers (treatment) and kept the other half as-is with group liability (control). We find that the conversion to individual liability does not affect the repayment rate, and leads to higher growth in center size by attracting new clients
    URL: Volltext  (Deutschlandweit zugänglich)
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