CFSP Grants $300,000 to Advance Understanding of Financial Systems and Global Poverty

October 29, 2010

CFSP announced today that it granted more than $300,000 in research money this year to seven emerging economists who are studying important aspects of financial systems and their role in alleviating global poverty.

The grants, which are known as “seed grants,” will support research projects in seven countries by economists who are located around the world.  Most of the five projects are already underway:

  • Arun Chadrasekhar, a doctoral student at MIT, Cynthia Kinnan of Northwestern University, and Horacio Larreguy, also a doctoral student at MIT, are exploring the interactions among people who use informal insurance and self-insurance by savings via experimental games played by rural villagers in India.
  • Joseph Kaboski of the University of Notre Dame is evaluating new delivery models for savings and internal lending committees, known as SILCs, in Tanzania, Kenya, and Uganda.
  • Tae Jeong Lee of Yonsei University is investigating the success of the financial systems of South Korea and Taiwan in order to draw lessons about their success for designing and implementing poverty alleviation strategies that might be applicable in other developing countries.
  • Emmanuel Maliti of University of Siena, Italy intends to provide rare insight into cooperation agreements among informal financial self-help groups in Tanzania.
  • Esteban Puentes of the University of Chile is studying the high growth rate of Chile over the past twenty years. His research questions if the nation is the economic role model for other Latin American countries that it would seem to be.

Seed grant projects are designed to make progress on the Consortium’s central research questions, which center on understanding the relationship between financial systems and poverty.  Results and publications from these projects are expected over the next two years.

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