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Microfinance And Poverty Reduction: How Risks Associated With Government Policies Affect Whether Microfinance Alleviates Poverty In Latin-America, Brian Warby

Theses and Dissertations

The expansion of financial services to the poor, now widely referred to as microfinance, quickly saw tremendous success in Bangladesh beginning in the 1970's and was exported to a number of other countries. For a time microfinance was spoken of as a panacea, in part because it is more detached from governments than other forms of poverty alleviation. I develop a model based on expected utility theory that looks at how risks associated with government policies and characteristics affect whether this mechanism eases poverty. Using a large N analysis of Latin-American states from 1990-2010 and a case study analysis to …