nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2019‒05‒27
three papers chosen by
Viviana Di Giovinazzo
Università degli Studi di Milano-Bicocca

  1. A long time ago in a galaxy far, far away… How microfinance evolved and how research followed By Marek Hudon; Marc Labie; Ariane Szafarz
  2. Promoting Inclusive Growth in the Caucasus and Central Asia By Mercedes Vera-Martín; Dominique Fayad; Sergejs Saksonovs; Wei Shi; Fang Yang
  3. Essays on reporting and information processing By de Kok, Ties

  1. By: Marek Hudon; Marc Labie; Ariane Szafarz
    Abstract: This article is the introductory chapter of the book A Research Agenda for Financial Inclusion and Microfinance, edited by Marek Hudon, Marc Labie and Ariane Szafarz, and forthcoming in 2019 with Elgar Research Publishing. This introductive article written by the editors explains how research in microfinance and financial inclusion evolved together with field practices. It identifies the four periods in the life of the microfinance sector that match four steps in research development: genesis, childhood, adolescence, and maturity. The article discusses whether this evolution could lead to a decline. Finally, it presents the monograph, which is organized along thematic groups of chapters. The titles of the four parts of the book are: “Framing research on microfinance and financial inclusion,” “Social, environmental and financial performance,” “Targets for financial inclusion,” and “Institutional and technological design.” Each chapter is written by scholars whose expertise on financial inclusion and microfinance is recognized internationally.
    Keywords: Microfinance; Microcredit; Financial inclusion; Development; Social finance
    JEL: G21 G23 O16 G32 O19
    Date: 2019–05–17
  2. By: Mercedes Vera-Martín; Dominique Fayad; Sergejs Saksonovs; Wei Shi; Fang Yang
    Abstract: CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008–09 global financial crisis. Since then, poverty rates have barely moved and, for oil importers, remain elevated.
    Keywords: Central Asia and the Caucasus;Inclusive growth;Financial inclusion;Inclusive Growth; Caucasus and Central Asia
  3. By: de Kok, Ties (Tilburg University, School of Economics and Management)
    Abstract: The three essays collected in this PhD thesis concern internal and external reporting practices, narrative disclosures, recent advancements in reporting technologies, and the role of reporting in emerging markets. These essays utilize state-of-the-art empirical techniques drawn from computer science along with new data sources to study fundamental accounting questions. The first essay studies the relationship between reporting frequency and market pressure over social media in crowdfunding markets. The second essay studies the use of soft information in the context of internal bank lending decisions, in particular during a scenario of mandated changes to the location of decisions rights. The third essay studies the information retrieval process for narrative disclosures for users that vary in their financial literacy by combining innovative tracking techniques deployed on Amazon Mechanical Turk with state-of-the-art machine learning techniques.
    Date: 2019

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