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access to finance

What will be the next "victim" of randomized control trials?

Ryan Hahn's picture

Randomized control trials (RCTs) have been grabbing a lot of headlines lately. Esther Duflo, the principal champion of RCTs and recipient of the John Bates Clark medal, recently had a profile in The New Yorker (gated) and also gave an entertaining TED Talk.

Solving the microfinance savings riddle

A few months ago I discussed the release of the World Bank publication on Bringing Finance to Pakistan's Poor. One of the authors' key findings was that most Pakistanis have a strong aversion to debt, and are seeking financial channels to store their savings, rather than for borrowing. According to their survey data, most Pakistanis are more interested in accessing savings accounts than loans.