nep-mfd New Economics Papers
on Microfinance
Issue of 2016‒12‒11
two papers chosen by
Olivier Dagnelie
Université de Caen

  1. Strumenti per il sostegno finanziario di famiglie e microimprese: il caso italiano (Policies to help financially vulnerable Italian households and micro-businesses) By Simonetta Cotterli
  2. Health Shocks and Short-Term Consumption GrowthAuthor-Name: Sowmya Dhanaraj By sowmya

  1. By: Simonetta Cotterli
    Abstract: This study aims to review and evaluate several policies enacted in the financial field to alleviate the negative consequences of the economic crisis on families and micro-businesses. Two different, yet complementary aspects of the effects of the crisis have been examined: the increased difficulty in gaining access to credit and the increased problems in meeting debt repayment obligations. Firstly the recent regulations governing micro-credit - enacted to facilitate access to credit for families and micro-businesses (the latter in light of the increasing need for self-sufficient entrepreneurial projects, as a response to increased unemployment in the job market) - are evaluated. This is followed by an examination of the efficacy of the law relating to over-indebtedness of families and micro-businesses, with particular focus on the concept of creditor-blame. This study ends with a question: could an interpretation of the new rules governing responsible credit to consumers constitute a legal right to such credit?
    Keywords: microcredit, overindebtness, creditor blame, responsible credit
    JEL: G21 G28 I38 K35 K36
    Date: 2016–12
  2. By: sowmya (Madras School of Economics)
    Abstract: Health shocks can affect the household economy through a substantial rise in out-of-pocket medical expenditure and/or loss of income. In such a situation, households use a range of coping mechanisms to protect nonmedical consumption. This study empirically investigates whether households are able to insure consumption in the short-term when one or more members face serious illness/death. We also analyse if health shocks have asymmetrical effects on household welfare depending on the members facing the shocks and if access to micro-credit and social capital improves the smoothing ability of the households.Length: 29 pages
    Keywords: health shocks, coping strategies, non-medical consumption, micro-credit, social capitalClassification-JEL: I15, I31
    Date: 2015–08

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