• Publications
  • Influence
The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia
We present evidence from a randomized field experiment in rural Mongolia to assess the poverty impacts of a joint-liability microcredit program targeted at women. We find a positive impact of accessExpand
  • 237
  • 45
  • PDF
Group lending or individual lending? Evidence from a randomised field experiment in Mongolia
Although microfinance institutions across the world are moving from group lending towards individual lending, this strategic shift is not substantiated by sufficient empirical evidence on the impactExpand
  • 171
  • 29
  • PDF
Foreign Banks and Credit Stability in Central and Eastern Europe: A Panel Data Analysis
We study whether foreign and domestic banks in Central and Eastern Europe react differently to business cycle conditions and host country banking crises. Our unique panel dataset comprises data ofExpand
  • 531
  • 13
Internal Capital Markets and Lending by Multinational Bank Subsidiaries
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the largest multinational bank holdings to analyze what determines the credit growth of theirExpand
  • 488
  • 10
  • PDF
Taming the herd? Foreign banks, the Vienna Initiative and crisis transmission
We use detailed data on over 350 banks in emerging Europe to analyze how bank ownership and the Vienna Initiative impacted credit growth during the Great Recession. As part of the Vienna Initiative,Expand
  • 90
  • 10
  • PDF
When arm’s length is too far. Relationship banking over the credit cycle
We conduct face-to-face interviews with bank chief executive officers to classify 397 banks across 21 countries as relationship or transaction lenders. We then use the geographic coordinates of theseExpand
  • 121
  • 8
  • PDF
Microfinance, Poverty and Education
We use an RCT to analyze the impact of microcredit on poverty reduction, child and teenage labour supply, and education in Bosnia and Herzegovina. The study population consists of loan applicantsExpand
  • 38
  • 8
  • PDF
Foreign banks in transition countries. To whom do they lend and how are they financed
We use focused interviews with managers of foreign parent banks and their affiliates in Central Europe and the Baltic States to analyze the small-business lending and internal capital markets ofExpand
  • 103
  • 7
  • PDF
Multinational banks and the global financial crisis: Weathering the perfect storm?
We use data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by a benchmark of 202 domestic banks.Expand
  • 343
  • 5
  • PDF
Foreign Bank Penetration and Private Sector Credit in Central and Eastern Europe
We analyse foreign bank penetration in Central and Eastern Europe (CEE)and its influence on private sector credit,taking into account both cross-border credit and credit by foreign bank subsidiaries.Expand
  • 121
  • 3
  • PDF
...
1
2
3
4
5
...