Did Yunus Deserve the Nobel Peace Prize

Microfinance or Macrofarce

Datos Bibliográficos

ID5818924
AutoresJohn Adams (0000-0002-2727-615X), Frank Raymond
Año2008
Volumen42
Número2
Páginas435-443
Fecha de publicación2008-06-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of Economic Issues (JOURNAL)
Identificadores de la revistaISSN: 0021-3624 • E-ISSN: 1946-326X
EditorialTaylor & Francis (PUBLISHER • GB)
DOI10.1080/00213624.2008.11507152
OpenAlexW2226811595
IdiomaEN
Citas recibidas5
Referencias citadas4

In 2006, Muhammad Yunus, a Bangladeshi economist, won the Nobel Peace Prize. Yunus's key innovation was to create loan circles, usually of five women, who used social suasion to ensure high repayment rates and sustain their creditworthiness. This institutional structure helps resolve a number of information, incentive, and enforcement dilemmas that plague small banks catering to a large number of poor clients who lack credit histories. Enthusiasm for the Grameen model has far outdistanced rigorous analysis of its institutional and incentive features; likewise, valid benefit-cost or statistical studies of impacts are rare. Did Yunus and Grameen merit the Peace Prize

Corruption and Economic Development · Microfinance and Financial Inclusion · Social and Economic Development in India

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