DHIB , Nahla

The microcredit literature indicates that progressive lending should reduce default rates but that it may lead to over-indebtedness. In this study, we show that progressive lending may be safe over a range of loan sizes, beyond which a rational borrower would indulge in a strategic default. This range of loan sizes may be dependent on borrower...

This paper sought to examine the impact of policy-maker decisions on economic convergence in a period characterized by turbulence, uncertainty, and complexity, like the COVID-19 pandemic. Recognizing the critical need for structure in times, we used a Markov decision process. This framework has proven invaluable modeling for modeling making...

This paper sought to examine the impact of policy-maker decisions on economic convergence in a period characterized by turbulence, uncertainty, and complexity, like the COVID-19 pandemic. Recognizing the critical need for structure in times, we used a Markov decision process. This framework has proven invaluable modeling for modeling making...

On doit a G.A. Tedeschi [3] l' idée d'´ evaluer la valeur espérée de la somme des flux issus pour un emprunteur d'une activité fondée sur un micro crédit. Elle produit un calcul astucieux que nous avons retrouvé dans une présentation sous forme d'une chaine de Markov de son modèle [1]. D'autres modèles markoviens ont depuis été introduits par...

We consider a Markov-Chain model for a Microfinance Institution (MFI) borrower who can be in one of four states: Applicant (A), Beneficiary (B − or B +) of a small or a large loan, or included (I) in the regular banking system. Given the transition matrix we compute the equilibrium and deduce the influence of probability parameters on what is...