Is access to credit enough to improve welfare indicators at the firm or farm level? In recent years, a great deal of hope to promote development has been placed on the potential transformative power of financial access (World Bank 2007; Karlan and Morduch 2010). At the firm or farm level, having access to credit can facilitate the purchase of necessary inputs in a timely … [Read more...] about Credit or no credit? Is that really the question?
credit
Second-tier development banks: some evidence from Colombia
In an effort to shed some light on the effectiveness of government-owned development Banks, the Institutions for Development Sector (IDS) at the IDB financed two studies on the impact of Bancoldex, the second-tier public development Bank in Colombia. The two studies, which I co-authored with Marcela Meléndez and Marcela Eslava, evaluate the effect of Bancoldex on both firm … [Read more...] about Second-tier development banks: some evidence from Colombia