Micro-credit--small amounts of collateral-free institutional loans extended to jointly liable group members for self-employment--was first introduced by the Grameen Bank of Bangladesh in the mid 1970s. The "programmatic success" of the Bank-recruitment of clients, investment of …
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This dissertation presents evidence suggesting that trade patterns, common bank lending, herd behavior, and short term capital inflows play a role in transmitting currency crisis across countries. The dissertation is composed of two essays on contagious currency crises. The firs…
This dissertation studies the role of bank lending in Turkey in the presence of unhedged banking risks that lead to banking and currency crisis. While these banking risks were most pronounced leading factors of the banking crises in developing countries, traditional bank lending…
Small and medium-sized enterprises (SMEs) account for approximately 50% of the world's gross domestic product. However, these economic agents suffer from inadequate access to liquid funds to finance their operations. The liquidity gap has led to early bankruptcy and liquidation,…