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Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications
(CAF, 2019-12-04)
Capital-skill complementarity in production implies non-trivial interactions between availability of human capital and financial constraints. Firms that are constrained in their access to finance hire a lower proportion ...
Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion
(CAF, 2021-01-08)
This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and ...