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Giving candy to strangers
by Martin Rotemberg

It’s remarkably hard to survey people if they have little children around - kids want complete attention. This past week I brought a few big bags of candy to hand out so that the kids would be happy while I was surveying. It was cheap & remarkably effective.

Sendhil Mullainthan talks about behavioral economics at TEDIndia
by Caitlin Weaver

The annual TED conference brings together leading thinkers and doers who are challenged to give the talk of their lives (in 18 minutes). Attendees have called it “the ultimate brain spa” and “a four-day journey into the future.”  This year, TED travels across the globe for the first annual TEDIndia conference.

Themes: Behavioral Economics
Study on impact of microfinance just got more relevant
by Jonathan Morduch

Two recent microfinance impact studies (here and here) have spurred intense debate about whether and how microfinance really works as a poverty alleviation tool.

Themes: Big Picture, Credit
Dean Karlan speaks about affordable credit options for America's underbanked
by Caitlin Weaver
The impact of microfinance credit ratings
by Caitlin Weaver

It’s been great to see business school faculty take an interest in microfinance.  Gabriel Natividad of the strategy group at the Stern School of Business at NYU just published an interesting new paper that links asymmetric information, third-party credit ratings, the price of credit and the operations of microfinance inst

Themes: Commercialization & Subsidy, Credit, Interest Rates
Kiva Lenders Have Needs, Too
by Abby Gray

Meet Jacques.  He’s the Kiva Coordinator at WAGES, a microfinance institution (MFI) based in Togo, West Africa.  Every day, a loan officer hand-delivers a stack of borrower information forms and a USB chip full of photos.  Jacques has trained the officers how to fill out the forms, use digital cameras, and get borrowers to smile and display their merchandise proudly for pictures. 

Themes: Big Picture
A recipe for expanding financial access through regulatory reform
by Jonathan Morduch

With the global financial crisis still rippling across front pages of newspapers around the world, it may not seem like the moment to further open the doors to the financial system. But this gets it backward. As experts focus on shoring up financial regulation, this is precisely the moment to simultaneously craft a new financial framework that expands access to the billions of people who are currently unserved.

Themes: Big Picture
Social finance – moving beyond microfinance
by Aparna Dalal

Last year's financial crisis caused many people to lose their already tenuous faith in financial institutions and the role they play in supporting the various functions of an economy.

Themes: Commercialization & Subsidy
Princess Maxima appointed as UN Special Advocate on Inclusive Finance
by Jonathan Morduch

Princess Máxima of the Netherlands was recently appointed UN Secretary General Ban Ki-moon’s Special Advocate on Inclusive Finance. She gave her first speech in her new role last week in New York.

Themes: Big Picture