Braulio Torres

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Notes: Center discussion papers are preliminary materials circulated to stimulate discussion and critical comments. David Roodman and participants in seminars at M.I.T./Harvard and NYU for comments. Thanks to Compartamos Banco, the Bill and Melinda Gates Foundation and the National Science Foundation for funding support to the project and researchers. All(More)
We use a clustered randomized trial, and over 16,000 household surveys, to estimate impacts at the community level from a group lending expansion at 110% APR by the largest microlender in Mexico. We find no evidence of transformative impacts on 37 outcomes (although some estimates have large confidence intervals), measured at a mean of 27 months(More)
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and lending practices. We use randomized interest rates, offered across 80 regions by Mexico's largest microlender, to identify a 29-month dollars-borrowed elasticity of-1.9. This elasticity increases from-1.1 in year one to-2.9 in year three.(More)
Introduction: Postoperative delirium, arbitrarily defined as occurring within 5 days of surgery, affects up to 50% of patients older than 60 after a major operation. This geriatric syndrome is associated with longer intensive care unit and hospital stay, readmission, persistent cognitive deterioration and mortality. No effective preventive methods have been(More)
This research was conducted in six typical villages of Northern Bangladesh. A sample of 170 farmers was selected. Research indicates that the farmers practising agroforestry own small farms and the income of agroforestry helps them to reduce their poverty, maintain their socioeconomic needs and sustain their livelihoods. Agroforestry is not a new concept in(More)
INTRODUCTION Postoperative delirium, arbitrarily defined as occurring within 5 days of surgery, affects up to 50% of patients older than 60 after a major operation. This geriatric syndrome is associated with longer intensive care unit and hospital stay, readmission, persistent cognitive deterioration and mortality. No effective preventive methods have been(More)
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