Finance

Where you you get your information on financial research? Are there any go-to sources that we're missing in our list of recommendations? Do you have any country- or region-specific recommendations (in English or any other language)?

Let us know by emailing Jillian at jrs7 (at) williams (dot) edu, and we'll put the information up!

Required Reading: “The Miracle of Microfinance? Evidence from a Randomized Evaluation”

This article from Banerjee, Duflo, Glennerster and Kinnan adds to the evidence of the sometimes underwhelming effects of microcredit as a way to get people out of poverty. It has been assigned as required reading in the Program Evaluation course, one of the spring CDE electives.

Executive Summary: “Measuring the Impact of Microfinance in Hyderabad, India”

This executive summary from JPAL provides a synopsis of the microcredit intervention that finds mediocre effects of microcredit, perhaps because loosening credit constraints doesn’t help much if not everyone is cut out to be an entrepreneur.

Book: Entrepreneurial Economics: Bright Ideas for the Dismal Science

This book by Alex Tabarrok of the quirky and insightful blog Marginal Revolution brings together some of the great insights of economics research of the recent decades, from governments buying out patents and putting them in the public domain to how to think about the market for organ donation.

Course Text: Principles of Microeconomics

This book by Gregory Mankiw is one of the core texts used in recent years for CDE orientation, and is also a reference text for “Public Economics,” a core course taught in the fall.

Covid and the Future of Microfinance with Insights from Pakistan, recommended by Prof. Caprio

What’s the future of microfinance in a post-Covid world? A group of six researchers explores the impacts of recent months on the microfinance sector in Pakistan, and recommends policies for how to help microfinance, and the people it helps, weather the storm.

Our favorite sources for the latest research