SOCENT researcher Ariane Szafarz awarded the "2014 European Microcredit Research Award"
SOCENT researcher Ariane Szafarz (ULB, Centre Emile Bernheim and CERMi) and her co-author Anastasia Cozarenco (Aix-Marseille School of Economics) are the winners of the 2014 European Microcredit Research Award, co-sponsored by the European Microfinance Network and the Hague University of Applied Sciences. The award was granted for the innovative scientific work presented in the paper entitled "Microcredit in Developed Countries: Unexpected Consequences of Loan Ceilings". This paper develops the first theoretical model specific to microfinance in developed countries, and participates in the conversation on the nascent regulation of this young industry. The research has been carried out in the framework of the IAP-SOCENT Programme.