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Replication
by Jonathan Morduch

As a rule, replicating studies is boring and insufficiently rewarded. At least boring and insufficiently rewarded relative to striking out into new terrain. Not surprisingly, it doesn't happen much. On the other hand, it's fundamentally important for building knowledge.

Themes: Big Picture, Credit, Research Methodology
Of instrumental variables and sample definition
by Jonathan Bauchet

Welcome back to the world of econometrics debates! I hope you enjoyed the first installment. Round 2 pits Heckman and Urzúa against Imbens, and is about instrumental variables and estimates the local average treatment effect (LATE).

Themes: Research Methodology
New publications
by Aparna Dalal

We've been busy.  Here's why.

Access to Finance

Dean Karlan, Jonathan Morduch

A review of recent innovations that are improving the quantity and quality of financial access.  Authors relate the innovations and empirical evidence to theoretical ideas, drawing links in particular to new work in behavioral economics and to randomized evaluation methods.

Overindebtedness: a real problem?
by Aparna Dalal

Siddhartha Chowdhri, ACCION International's Country Manager for India, presents his perspective on the chain of events that led to the current state in Karnataka, India in this post for the Center for Financial Inclusion

Themes: Credit
Risky business
by Aparna Dalal

MicroEnsure wins the 2009 FT Sustainable Banking Award for Achievement in Basic Needs Financing, a category open to non-banking financial institutions.  We congratulate the win as it should spur greater innovation in microinsurance.  Now, if only we could solve the demand question.

Themes: Insurance