CERMi - Centre for European Research in Microfinance

Publications: Working Papers

The work in progress conducted by researchers at CERMi is published in working paper format in the collections of the Centre Emile Bernheim and the Warocqué Research Centre.

• Centre Emile Bernheim
  http://www.solvay.edu/working-papers
• Warocqué Research Centre
  http://portail.umons.ac.be/FR/universite/facultes/warocque/
  Rech/Pages/Doc_eco_gestion.aspx

2012 - 2011 - 2010 - 2009 - 2008 - 2007

2012

• LAURETI C. and A. SZAFARZ

  "The Time-Inconsistency Factor: How Banks Adapt to their Mix of Savers"

  WP-CEB: N°12-35
  http://ideas.repec.org/p/sol/wpaper/2013-134499.html

• BEISLAND L.A., R. MERSLAND, and R.O. STRØM

  "Quality and Corporate Governance: Evidence from the Microfinance Industry"

  WP-CEB: N°12-034
  http://ideas.repec.org/p/sol/wpaper/2013-134186.html

• POSTELNICU L.

  "Social Capital and Repayment Performance of Group Lending in Microfinance"

  WP-CEB: N°12-032
  http://ideas.repec.org/p/sol/wpaper/2013-130925.html

• CUÉLLAR FERNÁNDEZ B., Y. FUERTES-CALLÉN, C. SERRANO-CINCA, and B. GUTIÉRREZ-NIETO

  "Determinants of Margin in Microfinance Institutions"

  WP-CEB: N°12-030
  http://ideas.repec.org/p/sol/wpaper/2013-130924.html

• CORNÉE S. and A. SZAFARZ

  "Vive la Différence: Social Banks and Reciprocity in the Credit Market"

  WP-CEB: N°12-029
  http://ideas.repec.org/p/sol/wpaper/2013-129733.html

• BOTTI F., M. CORSI, and C. D’IPPOLITI

  "The Gendered Nature of Multidimensional Poverty in the European Union"

  WP-CEB: N°12-026
  http://ideas.repec.org/p/sol/wpaper/2013-128772.html

• DE CORTE J.-M., M. LABIE, L. URGEGHE, and J.-C. VANSNICK

  "Microfinance Investment Vehicles and Social Performance: Moving forward with the MACBETH Approach"

  WP-CEB: N°12-025
  http://ideas.repec.org/p/sol/wpaper/2013-128723.html

• ALLET M.

  "Mitigating environmental risks in small-scale activities: what role for microfinance? A case study from El Salvador "

  WP-CEB: N°12-021
  http://ideas.repec.org/p/sol/wpaper/2013-123289.html

• SCHICKS J.

  "Over-Indebtedness in Microfinance – An Empirical Analysis of Related Factors on the Borrower Level"

  WP-CEB: N°12-017
  http://ideas.repec.org/p/sol/wpaper/2013-116700.html

• ALLET M.

  "Why Do Microfinance Institutions Go Green?"

  WP-CEB: N°12-015
  http://ideas.repec.org/p/sol/wpaper/2013-115102.html

• SCHICKS J.

  "The sacrifices of microborrowers in Ghana – A customer-protection perspective on measuring over-indebtedness"

  WP-CEB: N°12-008
  http://ideas.repec.org/p/sol/wpaper/2013-112507.html

• SERRANO-CINCA C. AND B. GUTIERREZ-NIETO

  "Microfinance, the long tail and mission drift"

  WP-CEB: N°12-001
  http://ideas.repec.org/p/sol/wpaper/2013-107018.html

2011

• HUDON M. and A. PÉRILLEUX

  "Performance Management of Double Bottom Line Institutions: Evidence from Banco Compatamo's Productivity Distribution"

  WP-CEB: N°11-056
  http://ideas.repec.org/p/sol/wpaper/2013-104631.html

• MERSLAND R. and L. URGEGHE

  "Performance and International Investments in Microfinance Institutions"

  WP-CEB: N°11-054
  http://ideas.repec.org/p/sol/wpaper/2013-103401.html

• BRIÈRE M. and A. SZAFARZ

  "Investment in Microfinance Equity: Risk, Return, and Diversification Benefits"

  WP-CEB: N°11-050
  http://ideas.repec.org/p/sol/wpaper/2013-100398.html

• SCHICKS J.

  "From a supply gap to a demand gap? The risk and consequences of over-indebting the underbanked"

  WP-CEB: N°11-046
  http://ideas.repec.org/p/sol/wpaper/2013-99192.html

• ALLET M.

  "Measuring the Environmental Performance of Microfinance"

  WP-CEB: N°11-045
  http://ideas.repec.org/p/sol/wpaper/2013-98806.html

• HAMP M. and C. LAURETI

  "Balancing Flexibility and Discipline in Microfinance: Innovative Financial Products that Benefit Clients and Service Providers"

  WP-CEB: N°11-044
  http://ideas.repec.org/p/sol/wpaper/2013-98728.html

• AGIER I., I. GUÉRIN, and A. SZAFARZ

  "Child Gender and Parental Borrowing: Evidence from India"

  WP-CEB: N°11-038
  http://ideas.repec.org/p/sol/wpaper/2013-97214.html

• BOTTI F. and M. CORSI

  "Measuring the Social Performance of Microfinance in Europe"

  WP-CEB: N°11-037
  http://ideas.repec.org/p/sol/wpaper/2013-97213.html

• BLOY E., J. ERNULT, M. HUDON, and A. PÉRILLEUX

  "Surplus et responsabilité sociale en microfinance : Etude de cas d’institutions péruviennes"

  WP-CEB: N°11-036
  http://ideas.repec.org/p/sol/wpaper/2013-97123.html

• GARIKIPATI S.

  "Microcredit and Women’s Empowerment: Through the Lens of Time Use Data from Rural India"

  WP-CEB: N°11-034
  http://ideas.repec.org/p/sol/wpaper/2013-96915.html

• SCHICKS J.

  "The Over-indebtedness of Microborrowers in Ghana - An Empirical Study from a Customer Protection Perspective"

  CERMi WP - Schicks J. - August 2011
  http://www.cermi.eu/documents/WP/CERMi_WP_-_Schicks_J._-_August_2011.pdf

• GUTIÉRREZ-NIETO B., C. SERRANO-CINCA, and J. CAMÓN-CALA

  "A Credit Score System for Socially Responsible Lending"

  WP-CEB: N°11-028
  http://ideas.repec.org/p/sol/wpaper/2013-92109.html

• SERRANO-CINCA C. and B. GUTIÉRREZ-NIETO

  "Partial Least Square Discriminant Analysis (PLS-DA) for Bankruptcy Prediction"

  WP-CEB: N°11-024
  http://ideas.repec.org/p/sol/wpaper/2013-90696.html

• HUDON M. and J. SANDBERG

  "Towards a Theory of Fair Interest Rates on Microcredit"

  WP-CEB: N°11-019
  http://ideas.repec.org/p/sol/wpaper/2013-88905.html

• SUKADI MATA R.

  "Do Migrants’ Deposits Reduce Microfinance Institutions’ Liquidity Risk?"

  WP-CEB: N°11-017
  http://ideas.repec.org/p/sol/wpaper/2013-87913.html

• AGIER I. and A. SZAFARZ

  "Subjectivity in Credit Allocation to Micro-Entrepreneurs: Evidence from Brazil"

  WP-CEB: N°11-016
  http://ideas.repec.org/p/sol/wpaper/2013-86108.html

• ARMENDARIZ B., B. D'ESPALLIER, M. HUDON, and A. SZAFARZ

  "Subsidy Uncertainty and Microfinance Mission Drift"

  WP-CEB: N°11-014
  http://ideas.repec.org/p/sol/wpaper/2013-83742.html

• ROSSEL-CAMBIER K.

  "Is Combined Microfinance an Instrument to enhance Sustainable Pro-Poor Public Policy Outcomes?"

  WP-CEB: N°11-013
  http://ideas.repec.org/p/sol/wpaper/2013-81986.html

• AGIER I., I. GUÉRIN, and A. SZAFARZ

  "Child Gender and Parental Borrowing: Evidence from India"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1792872

• BRIERE M. and A. SZAFARZ

  "Investment in Microfinance Equity: Risk, Return, and Diversification Benefits"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1776451

• BRIERE M., B. DRUT, V. MIGNON, K. OOSTERLINCK, and A. SZAFARZ

  "Assessing Portfolio Efficiency Tests: Theory, Simulations, and Applications"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1780514

• BEISLAND L.A. and R. MERSLAND

  "Do microfinance rating assessments make sense? An analysis of the drivers of the MFI ratings"

  WP-CEB: N°11-009
  http://ideas.repec.org/p/sol/wpaper/2013-78918.html

• ROSSEL-CAMBIER K.

  "Understanding the Dynamics of Product Diversification on Microfinance Performance Outcomes: A Case Study in Barbados"

  WP-CEB: N°11-008
  http://ideas.repec.org/p/sol/wpaper/2013-78912.html

• SERRANO-CINCA C., Y. FUERTES-CALLÉN, B. GUTIÉRREZ-NIETO, and B. CUÉLLAR-FERNÁNDEZ

  "Path modeling to bankruptcy: causes and symptoms of the banking crisis"

  WP-CEB: N°11-007
  http://ideas.repec.org/p/sol/wpaper/2013-78756.html

• DE SCHEEMAEKERE X. and A. SZAFARZ

  "The Inference Fallacy From Bernoulli to Kolmogorov"

  WP-CEB: N°11-006
  http://ideas.repec.org/p/sol/wpaper/2013-77259.html

• AGIER I. and A. SZAFARZ

  "Credit to Women Entrepreneurs: The Curse of the Trustworthier Sex"

  WP-CEB: N°11-005
  http://ideas.repec.org/p/sol/wpaper/2013-76871.html
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1718574

2010

• AGIER I. and A. SZAFARZ

  "Credit Officers and Loan Granting in Microfinance: Brazilian Evidence"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1729234

• ARMENDÁRIZ B., B. D'ESPALLIER, M. HUDON, and A. SZAFARZ

  "Subsidy Uncertainty and Microfinance Mission Drift"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1731265

• AGIER I. and A. SZAFARZ

  "Microfinance and Gender: Is There a Glass Ceiling in Loan Size?"

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1573872

• ROSSEL-CAMBIER K.

  "Do Multiple Financial Services Enhance the Poverty Outreach of Microfinance Institutions?"

  WP-CEB: N°10-058
  http://ideas.repec.org/p/sol/wpaper/2013-70368.html

• ROSSEL-CAMBIER K.

  "Can combining credit with insurance or savings enhance the sustainability of microfinance institutions?"

  WP-CEB: N°10-057
  http://ideas.repec.org/p/sol/wpaper/2013-70367.html

• GUÉRIN I., S. KUMAR, and I. AGIER

  "Microfinance and Women's Empowerment: Do Relationships Between Women Matter? Lessons from rural Southern India"

  WP-CEB: N°10-053
  http://ideas.repec.org/p/sol/wpaper/2013-68292.html

• SZAFARZ A.

  "Financial Crises in Efficient Markets: How Fundamentalists Fuel Volatility"

  WP-CEB: N°10-052
  http://ideas.repec.org/p/sol/wpaper/2013-67769.html
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1689723

• SERRANO-CINCA C. and B. GUTIÉRREZ-NIETO

  "A decision support system for financial and social investment"

  WP-CEB: N°10-049
  http://ideas.repec.org/p/sol/wpaper/2013-65702.html

• SCHICKS J.

  "Microfinance Over-Indebtedness: Understanding its drivers and challenging the common myths"

  WP-CEB: N°10-048
  http://ideas.repec.org/p/sol/wpaper/2013-64675.html

• AGIER I. and A. SZAFARZ

  "Microfinance and Gender: Is There a Glass Ceiling in Loan Size?"

  WP-CEB: N°10-047
  http://ideas.repec.org/p/sol/wpaper/2013-64289.html

• PÉRILLEUX A. and M. HUDON

  "What Explains Microfinance Distribution Surplus? A Stakeholder-oriented Approach"

  WP-CEB: N°10-045
  http://ideas.repec.org/p/sol/wpaper/2013-63716.html

• SUKADI MATA R.

  "Diversification of Microfinance Institutions: Determinants for Entering the Remittances Market"

  WP-CEB: N°10-043
  http://ideas.repec.org/p/sol/wpaper/2013-62370.html

• TCHAKOUTE TCHUIGOUA H.

  "Microfinance Institutions Performance. What Matters about the Interaction of Location and Legal Status?"

  WP-CEB: N°10-038
  http://ideas.repec.org/p/sol/wpaper/2013-61015.html

• PÉRILLEUX A., E. BLOY, and M. HUDON

  "Productivity Surplus Distribution in Microfinance: Does Ownership Matter?"

  WP-CEB: N°10-036
  http://ideas.repec.org/p/sol/wpaper/2013-60442.html

• GARIKIPATI S.

  "Microcredit and Women’s Empowerment: Have We Been Looking at the Wrong Indicators?"

  WP-CEB: N°10-030
  http://ideas.repec.org/p/sol/wpaper/2013-57623.html

• AUGSBURG B.

  " Using Expectation Data to Model Expected Income and Expenditures in Rural India"

  WP-CEB: N°10-029
  http://ideas.repec.org/p/sol/wpaper/2013-57622.html

• COPESTAKE J.

  "Microfinance and development finance in India: research implications"

  WP-CEB: N°10-028
  http://ideas.repec.org/p/sol/wpaper/2013-57621.html

• SCHMIT M. and LIN-SYA CHAO

  "Managing Growth Risk: Lessons from the Current Crisis"

  WP-CEB: N°10-027
  http://ideas.repec.org/p/sol/wpaper/2013-57619.html

• TCHAKOUTE TCHUIGOUA H.

  "L’influence des mécanismes de gouvernance sur la performance des institutions de microfinance d’Afrique Sub-saharienne"

  WP-CEB: N°10-026
  http://ideas.repec.org/p/sol/wpaper/2013-57619.html

• ROSSEL CAMBIER K. and L. ROMAGNOLI

  "Status of Social Investment in Children in the Eastern Caribbean – An Overview"

  WP-CEB: N°10-022
  

• BOTTI F. and M. CORSI

  "A Social Performance Analysis of Italian Microfinance"

  WP-CEB: N°10-020
  http://ideas.repec.org/p/sol/wpaper/10-020.html

• DORFLEITNER G. and C. PRIBERNY

  "Perspectives and a Quantitative Model for Structured Microfinance"

  WP-CEB: N°10-015
  http://ideas.repec.org/p/sol/wpaper/10-015.html

• DORFLEITNER G., M. LEIDL, and J. REEDER

  "Theory of Social Returns in Portfolio Choice with Application to Microfinance"

  WP-CEB: N°10-014
  http://ideas.repec.org/p/sol/wpaper/10-014.html

• GHEERAERT L., R. SUKADI, and D. TRAÇA

  "Remittances and Domestic Investment in Developing Countries: An Analysis of the Role of Financial Sector Development"

  WP-CEB: N°10-013
  http://ideas.repec.org/p/sol/wpaper/10-013.html

• NAWAZ A.

  "Issues in Subsidies and Sustainability of Microfinance: An Empirical Investigation"

  WP-CEB: N°10-010
  http://ideas.repec.org/p/sol/wpaper/10-010.html

• NAWAZ A.

  "Efficiency and Productivity of Microfinance: Incorporating the Role of Subsidies"

  WP-CEB: N°10-009
  http://ideas.repec.org/p/sol/wpaper/10-009.html

• NAWAZ A.

  "Performance of Microfinance: The Role of Subsidies"

  WP-CEB: N°10-008
  http://ideas.repec.org/p/sol/wpaper/10-008.html

• LABIE M., P.-G. MÉON, R. MERSLAND, and A. SZAFARZ

  "Discrimination by Microcredit Officers: Theory and Evidence on Disability in Uganda"

  WP-CEB: N°10-007
  http://ideas.repec.org/p/sol/wpaper/10-007.html
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1722122

• PÉRILLEUX A.

  "Maturity Mismatch and Governance of Microfinance Cooperatives: Lessons from History"

  WP-CEB: N°10-005
  http://ideas.repec.org/p/sol/wpaper/10-005.html

2009

• ASHTA A. and D. ASSADI

  "An Analysis of European Online micro-lending Websites"

  WP-CEB: N°09-059
  http://ideas.repec.org/p/sol/wpaper/09-059.html

• ASHTA A. and S. RAIMBAULT

  "Business Perceptions of the new French regime on Auto-Entrepreneurship: a risk-taking step back from socialism"

  WP-CEB: N°09-058
  http://ideas.repec.org/p/sol/wpaper/09-058.html

• ALLAIRE V., A. ASHTA, L. ATTUEL-MENDES, and K. KRISHNASWAMY

  "Institutional Analysis to explain the Success of Moroccan Microfinance Institutions"

  WP-CEB: N°09-057
  http://ideas.repec.org/p/sol/wpaper/09-057.html

• ASHTA A. and D. ASSADI

  "Does Social Lending incorporate Social Technologies? The use of Web 2.0 Technologies in online P2P lending"

  WP-CEB: N°09-056
  http://ideas.repec.org/p/sol/wpaper/09-056.html

• MARREZ H. and M. SCHMIT

  "Credit risk analysis in microcredit: How does gender matter?"

  WP-CEB: N°09-053
  http://ideas.repec.org/p/sol/wpaper/09-053.html

• SZAFARZ A.

  "How Did Financial-Crisis-Based Criticisms of Market Efficiency Get It So Wrong?"

  WP-CEB: N°09-048
  http://ideas.repec.org/p/sol/wpaper/09-048.html
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1510444

• ARMENDARIZ B.

  "Microfinance for Self-Employment Activities in the European Urban Areas: Contrasting Crédal in Belgium and Adie in France"

  WP-CEB: N°09-041
  http://ideas.repec.org/p/sol/wpaper/09-041.html

• VANROOSE A. and B. D'ESPALLIER

  "Microfinance and Financial Sector Development"

  WP-CEB: N°09-040
  http://ideas.repec.org/p/sol/wpaper/09-040.html

• ASHTA A. and M. HUDON

  "To whom should we be fair? Ethical issues in Balancing Stakeholder Interests from Banco Compartamos Case Study"

  WP-CEB: N°09-036
  http://ideas.repec.org/p/sol/wpaper/09-036.html

• SUKADI MATA R.

  "Microfinance Institutions (MFIs) on the Remittances Market: Money Transfer Activity and Savings Mobilisation"

  WP-CEB: N°09-022
  http://ideas.repec.org/p/sol/wpaper/09-022.htm

• LABIE M., P-G. MÉON, and A. SZAFARZ

  "Discrimination in Microfinance: The Role of Credit Officers"

  WP-CEB: N°09-017
  http://ideas.repec.org/p/sol/wpaper/09-017.html

• ARMENDARIZ B. and A. SZAFARZ

  "On Mission Drift In Microfinance Institutions"

  WP-CEB: N°09-015
  http://ideas.repec.org/p/sol/wpaper/09-015.html

• SEKKAT K. and A. SZAFARZ

  "Valuing Homeownership"

  WP-CEB: N°09-006
  http://ideas.repec.org/p/sol/wpaper/09-006.html

2008

• PARKS W. and K. ROSSEL-CAMBIER

  "Small Island Developing States (SIDS) Fit for Children Network – A Concept Note"

  WP-CEB: N°08-043
  http://ideas.repec.org/p/sol/wpaper/08-043.html

• VANROOSE A.

  "What macro factors make microfinance institutions reach out?"

  WP-CEB: N°08-036
  http://ideas.repec.org/p/sol/wpaper/08-036.html

• VERMORKEN M., A. SZAFARZ, and H. PIROTTE

  "Sector Classification through non-Gaussian Similarity"

  WP-CEB: N°08-032
  http://ideas.repec.org/p/sol/wpaper/08-032.html

• DE SCHEEMAEKERE X. and A. SZAFARZ

  "Inverting Bernoulli’s Theorem: The Original Sin"

  WP-CEB: N°08-029
  http://ideas.repec.org/p/sol/wpaper/08-029.html

• PÉRILLEUX A.

  "Les coopératives d'épargne et de crédit en microfinance face aux problématiques de gouvernance et de croissance"

  WP-CEB: N°08-025
  http://ideas.repec.org/p/sol/wpaper/08-025.html

• NIYONGABO E.

  "Défis du financement agricole et rural, rôle pour la microfinance et implications pour les politiques publiques en Afrique subsaharienne. Pistes de recherche basées sur le cas du Burundi"

  WP-CEB: N°08-024
  http://ideas.repec.org/p/sol/wpaper/08-024.html

• MÉON P-G. and A. SZAFARZ

  "Labour market discrimination as an agency cost"

  WP-CEB: N°08-019
  http://ideas.repec.org/p/sol/wpaper/08-019.html

• BRIÈRE M., A. CHAPELLE, and A. SZAFARZ

  "No contagion, only globalization and flight to quality"

  WP-CEB: N°08-018
  

• DE SCHEEMAEKERE X. and A. SZAFARZ

  "The Special Status of Mathematical Probability: A Historical Sketch"

  WP-CEB: N°08-017
  http://ideas.repec.org/p/sol/wpaper/08-017.html

• BERNAL O., K. OOSTERLINCK, and A. SZAFARZ

  "Observing bailout expectations during a total eclipse of the sun"

  WP-CEB: N°08-015
  http://ideas.repec.org/p/sol/wpaper/08-017.html

• HUDON M.

  "Norms and Values of the Various Microfinance Institutions"

  WP-CEB: N°08-006
  http://ideas.repec.org/p/sol/wpaper/08-006.html

• ROSSEL-CAMBIER K.

  "Combined Micro-Finance: Selected Research Questions from a Stakeholder Point of View"

  WP-CEB: N°08-004
  http://ideas.repec.org/p/sol/wpaper/08-004.html

• LABIE M. and A. PÉRILLEUX

  "Corporate Governance in Microfinance: Credit Unions"

  WP-CEB: N°08-003
  http://ideas.repec.org/p/sol/wpaper/08-003.html

• ARMENDARIZ B. and N. ROOME

  "Empowering women via microfinance in fragile states"

  WP-CEB: N°08-001
  http://ideas.repec.org/p/sol/wpaper/08-001.html

2007

• CHAPELLE A. and A. SZAFARZ

  "Control Consolidation With a Threshold:An Algorithm "

  Working Paper Series - SSRN
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=906456

• ROSSEL-CAMBIER K., T. OLSEN, and N. POURZAND

  "Investing in knowledge for evidence-based social policies for children: two case studies of knowledge dissemination initiatives in the Eastern Caribbean"

  WP-CEB: N°07-040
  http://ideas.repec.org/p/sol/wpaper/07-040.html

• BRIÈRE M. and A. SZAFARZ

  "Crisis Robust Bond Portfolios"

  WP-CEB: N°07-030
  http://ideas.repec.org/p/sol/wpaper/07-030.html

• SZAFARZ A.

  "Hiring People-like-Yourself: A Representation of Discrimination on the Job Market"

  WP-CEB: N°07-021
  http://ideas.repec.org/p/sol/wpaper/07-021.html
  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1028949

• HUDON M.

  "Use of Donor Funds in the Financing of MFIs"

  WP-CEB: N°07-020
  http://ideas.repec.org/p/sol/wpaper/07-020.html

• VANROOSE A.

  "Microfinance: are its promises ethically justified?"

  WP-CEB: N°07-014
  http://ideas.repec.org/p/sol/wpaper/07-014.html

• HUDON M.

  "Should Access to Credit be a Right?"

  WP-CEB: N°07-008
  http://ideas.repec.org/p/sol/wpaper/07-008.html

• FARBER A., R. GILLET, and A. SZAFARZ

  "A general formula for the WACC: A reply"

  WP-CEB: N°07-004
  http://ideas.repec.org/p/sol/wpaper/07-004.html

• HUDON M.

  "Social Justice with Credits to the Poor"

  WP-CEB: N°07-003
  http://ideas.repec.org/p/sol/wpaper/07-003.html

• HUDON M. and H.D. SEIBEL

  "Use of microfinance in post-conflict and post-disaster situations: Turning victims into shareholders"

  WP-CEB: N°07-002
  http://ideas.repec.org/p/sol/wpaper/07-002.html