Did Yunus Deserve the Nobel Peace Prize

Microfinance or Macrofarce

Dados Bibliográficos

ID5818924
AutoresJohn Adams (0000-0002-2727-615X), Frank Raymond
Ano2008
Volume42
Fascículo2
Páginas435-443
Data de publicação2008-06-01
Open AccessNão
TipoARTICLE
PeriódicoJournal of Economic Issues (JOURNAL)
Identificadores do periódicoISSN: 0021-3624 • E-ISSN: 1946-326X
EditoraTaylor & Francis (PUBLISHER • GB)
DOI10.1080/00213624.2008.11507152
OpenAlexW2226811595
IdiomaEN
Citações recebidas5
Referências 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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