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Microfinance at a Crossroads

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  • Diego Lanzi

Abstract

In this essay, we summarize the main features of Yunus' economic thought and discuss whether it is possible to conclude, as seems straightforward according to Yunus (1997), that microfinance is good for the poor and that it exemplifies a typical activity of social enterprise. To do this, we review some of the contents of the 2006 World Bank/Brookings Institution conference on microfinance as summarized by Barr et al. (2007).

Suggested Citation

  • Diego Lanzi, 2008. "Microfinance at a Crossroads," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(2), pages 203-210, July.
    • Handle: RePEc:bla:ecnote:v:37:y:2008:i:2:p:203-210
    DOI: 10.1111/j.1468-0300.2008.00197.x
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    References listed on IDEAS

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    1. Rajan, Raghuram G. & Zingales, Luigi, 2003. "The great reversals: the politics of financial development in the twentieth century," Journal of Financial Economics, Elsevier, vol. 69(1), pages 5-50, July.
    2. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
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    Cited by:

    1. Canale, Rosaria Rita, 2010. "Microcredit in advanced economies as a "third way”: a theoretical reflection," MPRA Paper 21109, University Library of Munich, Germany.

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