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The Power of Insurance: Why Haiti’s future depends on planning for the worst
People don’t think the poor need insurance, as if poverty implies they have nothing to protect. But the goal of insurance is to make sure people can survive hardships, and the poor are those who are most exposed. The challenge Haiti faces is building a safety net for rural people whose certificate of deposit is their cow, whose demand deposit is their goat, and whose cash is a chicken.
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- Uncategorized
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Bringing Payments Out of the Shadows: New data on how South Asian and Indonesian households pay and make money transfers
Payments are the glue of the economic system, and any inefficiency there ripples through the rest of the economy. Yet despite the fact that digital payments and remittances are critical for the poor to be able to access markets and formal financial services, there is very little data collected on the development of the payment market. But now, new research from South Asia and Indonesia is helping to shine a light on the subject.
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- Education
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- research
