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Expansion and welfare in microfinance: a screening model
(Economic Modelling, 2016-02)
The expansion of microfinance has triggered concerns of rising indebtedness, and higher default and interest rates. Using a screening model, we show that even if interest and default rates increase due to expansion, borrower ...
Absence of economic and social constants
(Springer, 2016)
In this article, we discuss the possibility of economics as a
discipline emulating the success of hard sciences. In our view, a fundamental obstacle arises from the fact that economics does not have
(m)any stable and ...