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B8354 Markets for the Poor

B8354 Markets for the Poor Course Description

This course is designed to give students a rigorous, research, policy and practice-based understanding of topics including: measurement and the underlying drivers of poverty; informal credit markets — and their interest rates and default rates — in areas such as Rotating Savings and Credit Associations (ROSCA), payday loans, and more established markets in consumer credit; the role of microfinance (loans, savings and insurance) in delivering financial services to the poor, and how access to capital markets by way of debt issues, initial public offers, and collateralized debt obligations have changed the landscape of microfinance; and innovations by corporations and governments in extending markets in healthcare, marketing and distribution of goods produced by the poor.

The course will address and evaluate the following questions:

  • What are the challenges in measuring poverty?
  • How pervasive is poverty and what are the underlying drivers of poverty?
  • Has economic growth in developing countries (such as Brazil, China and India) helped to alleviate poverty?
  • What are informal credit markets? Who participates in them? What are the interest rates and default rates in these markets?
  • What are the challenges to the flow of credit to the poor borrowers? How can they be surmounted?
  • What is the role of microfinance in delivering financial services to the Poor? How successful has been this effort? What are the challenges?
  • What are some of the recent capital market innovations in the markets for the Poor? Can they help to scale up and bring down interest rates?
  • What are some of the innovations introduced by corporations and governments in this field?

Spring 2014 sections:

2014-2015 No Free Lunch Seminar Series

Marina Halac, Associate Professor of Finance and Economics, presents Contests for Experimentation

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2014 Financial Studies Conference

Videos coming soon from our 2014 conference: "The Quest for Yield."

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Contact Us

Columbia Business School
Uris Hall 809, 3022 Broadway
New York, NY 10027
Phone: 212-851-9473
financialstudies@columbia.edu

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October 8, 2014

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October 6, 2014

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October 1, 2014

Professor Paul Glasserman will present Carnegie Mellon's 7th Nash Distinguished Lecture in Quantitative Finance in Pittsburgh, PA on October 6>

September 29, 2014

Executive Advisory Board Members Maliz Beams and Candace Browning are recognized in the Top 25 Most Powerful Women in Finance>

September 22, 2014

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September 18, 2014

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September 16, 2014

Professor Laurie Hodrick's op-ed on Alibaba's IPO is published in Fortune>

September 11, 2014

Professor Charles Calomiris' research on capital requirements is cited by the Bank of England>

September 9, 2014

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September 8, 2014

Professor Andrew Ang questions private equity returns in The Globe and Mail>

September 4, 2014

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September 3, 2014

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August 27, 2014

Professor Paul Glasserman will present at the Conference on Credit Risk and Systemic Risk in Boston, MA on September 20th>

August 25, 2014

Executive Advisory Board Member Tom Vandever will present at the Columbia Business School Private Equity Program's "M&A Roundup: How the 2014 'Resurgence' is Impacting Private Equity" panel in New York, NY on September 16>

August 21, 2014

Professor Andrew Ang's book “Asset Management: A Systematic Approach to Factor Investing" is featured in Systematic Relative Strength>

August 20, 2014

Professor Charles Calomiris discusses the Federal Reserve on Bloomberg BusinessWeek>

August 19, 2014

Executive Advisory Board Member Nicholas Galluccio speaks about small cap equities on Business News Network>

August 18, 2014

Executive Advisory Board Member Candace Browning is cited by the Financial Post>

August 13, 2014

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August 12, 2014

Professor Suresh Sundaresan presented at the NSE-NYU Indian Financial Markets Conference in New York, NY on August 4-5th>