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Work

I am an Economist at the World Bank Finance Research Group in Washington, DC. My research is focused on the behavior of firms, banks, households and their financial interactions. I use both experimental and non-experimental methods in my research. Here are links to my CV and papers:

 

PUBLICATIONS

 

“The Impact of Financial Literacy Training for Migrants,” Forthcoming, World Bank Economic Review, Also available as: World Bank Policy Research Working Paper No. 6073, May 2012 (with David McKenzie and John Gibson)

 

“Liability Structure in Small-Scale Finance – Evidence from a Natural Experiment,” Forthcoming, World Bank Economic Review, Also available as: World Bank Policy Research Working Paper No. 5427, September 2010 (with Fenella Carpena, Shawn Cole, and Jeremy Shapiro)

 

“Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?” Journal of Finance, Vol. 66, Issue 6: 1933-1967, December 2011 (with Shawn Cole and Thomas Sampson)

 

“Dollars Dollars Everywhere, Nor a Dime to Lend: Credit Limit Constraints on Financial Sector Absorptive Capacity,” Review of Financial Studies, Vol. 23, Issue 12: 4281-4323, December 2010 (with Asim Khwaja and Atif Mian)

 

“Export Incentives, Financial Constraints, and the (Mis)Allocation of Credit: Evidence from Subsidized Export Loans,” Journal of Financial Economics, Vol. 87, Issue 2, February 2008

 

"Valuing Financial Literacy," (with Shawn Cole and Thomas Sampson) Forthcoming in “Banking the World: Empirical Foundations of Financial Inclusion,” ed. Robert J. Cull, Asli Demirgüç‑Kunt, Jonathan Morduch. MA: MIT Press.

 

“Microfinance for Entrepreneurs,” (with Miriam Bruhn and Fenella Carpena), in “Oxford Handbook of Entrepreneurial Finance”, Oxford University Press, 2012

 

“Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure,” (with Leora Klapper and Maria Soledad Martinez), in Berger, et. al. “Oxford Handbook of Banking”, Oxford University Press, 2010

 

 

WORKING PAPERS

 

“Who you Train Matters: Identifying Complementary Effects of Financial Education on Migrant Households,” World Bank Policy Research Working Paper No. 6157, August 2012 (with David McKenzie and Yoko Doi)

 

“Financial Literacy around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward,” World Bank Policy Research Working Paper 6107, July 2012 (with Lisa Xu)

 

“Unpacking the Causal Chain of Financial Literacy,” World Bank Policy Research Working Paper No. 5798, September 2011 (with Fenella Carpena, Shawn Cole, and Jeremy Shapiro)

 

“Stimulating Managerial Capital in Emerging Markets: The Impact of Business and Financial Literacy for Young Entrepreneurs,” World Bank Policy Research Working Paper No. 5642, April 2011 (with Miriam Bruhn) 

 

“The ABC’s of Financial Literacy: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases” (with Fenella Carpena, Shawn Cole, and Jeremy Shapiro)

 

 

WORK IN PROGRESS

 

“Financial Literacy for High School Students and their Parents: Evidence from Brazil” (with Miriam Bruhn and Arianna Legovini)

 

“Financial Literacy through Soap Operas: A Mass Media Experiment in South Africa” (with Gunhild Berg) 

 

“De-Biasing Financial Biases: Experimental Evidence from South Africa” (with Shawn Cole) 

 

“Managerial Capital and Business Transformation in Emerging Markets” (with Rajesh Chandy and Stephen Macdonald)

 

“Financial Literacy and Mobile Banking in India” (with Leopold Sarr and Santadarshan Sadhu)

 

“The Value of Sequencing Financial Development Interventions” (with David Atkin)

 

“Cross Country Impact Evaluation of Financial Literacy” (joint with DECRG FPD team)

 

“Cross Country Consumer Financial Awareness Surveys” (joint with Sue Rutledge and World Bank project team)

 

 “Identifying Peer Effects in a Business Environment: Evidence from Small-Scale Industries in Uganda” (joint with Francisco Campos, Markus Goldstein, Obert Pimhidzai, Antoinette Schoar, and Mattea Stein)

 

“Testing the Theory of the Firm: Experiments in Organizational Structure” (joint with Shawn Cole and Atif Mian)

 

“The Impact of Land Titling in Morocco” (joint with Najy Benhassine)

 

 

OUTREACH MATERIAL

 

“What Have we Learned About Financial Literacy Around the World?” World Bank All About Finance Blog, September 2012 (with Lisa Xu)

“The Impact of Financial Literacy Training for Migrants at Destination,” Finance & PSD Impact Note, Issue 18, May 2012 (with David McKenzie and John Gibson)

 “Can Financial Literacy Help Migrants Save on Remittance Costs,” World Bank All About Finance Blog, May 2012 (with David McKenzie)

“Should it be our Business to Promote Business Training?” World Bank All About Finance Blog, June 2011 (with Miriam Bruhn)

“Unpacking the Causal Chain of Financial Literacy,” World Bank Development Impact Blog, June 2011.

“The Impact of Business and Financial Literacy for Young Entrepreneurs in Bosnia Herzegovina,” Finance and PSD Impact Note, Issue 13, May 2011 (with Miriam Bruhn) 

 “New Ideas in Business Growth,” World Bank All About Finance Blog, April 2011 (with Miriam Bruhn)

“The Fad of Financial Literacy?” World Bank All About Finance Blog, August 2010 (Ranked 2nd Most Popular blog post).

”Financial Stability and Access: The Importance of Financial Literacy,” Research Brief, World Bank, January 2009 (with Leora Klapper)

 

“Access to Finance in Indonesia,” World Bank Jakarta Office, June 2009 (Lead author for analytical chapters)

 

“Valuing Financial Literacy,” Finance and PSD Impact Note, Issue 5, May 2009 (with Shawn Cole and Thomas Sampson)

 

“All About Finance,” World Bank Policy Research Report, 2008 (Contributing author)

 

“In Search of Good Governance: Experiments from South Asia’s Water and Sanitation Sector”, New Delhi: Water and Sanitation Program, The World Bank, 2002. (with J. Davis, S. Tankha, A. Ghosh, P. Martin, T. Samad and G. Prunier)