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Getting cash out from under the mattress and into the bank
by Jonathan Morduch

Cash under your mattress?  These days it’s easy to feel like keeping our money at home—literally– may be the safest place for it. The Bill & Melinda Gates Foundation, though, is making a global push to get money into savings accounts, and Pascaline Dupas and Jonathan Robinson have just finished a paper that makes the cleanest case yet for getting money out from under the mattress.

Themes: Savings
How behavioral economics can help change the fight against poverty
by Jonathan Morduch

Seed Magazine is perched at the overlap between science and culture.  It aims to be the bi-monthly rag of a new breed of science-savvy global citizens. Check out Sendhil Mullainathan's new piece linking new work in psychology to understandings of poverty.

Themes: Behavioral Economics
New FAI paper available: "Microfinance Meets the Market"
by Jonathan Morduch

A new paper I wrote with Bob Cull and Asli Demirgüç-Kunt of the World Bank was just published in the Journal of Economic Perspectives.

Themes: Commercialization & Subsidy
Microcredit Summit Campaign reports over 100 million poorest families served by microcredit
by Jonathan Morduch

The Microcredit Summit Campaign recently announced that they hit a big milestone. They counted that more than 100 million of the world’s poorest families received a microloan in 2007.

Themes: Big Picture
Did Congress worsen the banking crisis?
by Jonathan Morduch

Researchers and financial analysts are still sorting through causes of the financial crisis. One target is the Community Reinvestment Act (CRA), which requires that banks to lend to low and moderate income people in the communities where they take deposits.

Themes: Big Picture