16,899 research outputs found
Conversion, family, and authority in seventeenth-century Saumur
Episodes of conversion in early modern France could lay bare conceptions of community and authority that underpinned state and society. The conversion of the twelve-year-old daughter of a Huguenot apothecary to Catholicism at Saumur in 1642 serves as an entry into an examination of Catholic-Huguenot relations under the Edict of Nantes. The city's Catholic magistrates questioned the girl, Elisabeth Liger, and determined that her professed conversion was sincere. Satisfied of her Catholicism, the magistrates ordered that she be removed from her parents' authority so she could live as a Catholic. The judges' decision reveals two essential weaknesses that seventeenth-century Huguenots faced: their lack of institutional power to shape political and judicial decision making at the local level and their secondary legal status under the Edict of Nantes.
En France à l'époque moderne, les épisodes de conversion mettent en relief les concepts de communauté et d'autorité sur lesquels reposent l'Etat et la société. La conversion au catholicisme de la fille mineure d'un apothicaire huguenot à Saumur en 1642 sert de point d'entrée à l'examen des relations entre catholiques et huguenots sous l'Edit de Nantes. Les magistrats catholiques de la ville ont interrogé la fille, nommée Elisabeth Liger, et ont déterminé que sa conversion était sincÚre. Convaincus de son catholicisme, les magistrats ont donc ordonné qu'Elisabeth soit retirée à l'autorité de ses parents pour qu'elle puisse vivre en tant que catholique. La décision des juges révÚle deux faiblesses essentielles auxquelles les huguenots au dix-septiÚme siÚcle doivent faire face : leur manque de pouvoir institutionnel pour influencer les décisions politiques et judiciaires au niveau local, et leur statut juridique inférieur sous l'Edit de Nantes
Hubble expansion as a curvature of space
By considering the expansion of space as an additional component of general
relativity, a model is described that adds a Hubble curvature term as a new
solution to the general equation. Correlation with the CDM model was
assessed using the extensive type~Ia supernovae (SNe~Ia) data with redshift
corrected to the CMB, and recent baryonic acoustic oscillation (BAO) measures.
For the SNe~Ia data, the modified GR and CDM models differed by
~mag. over , with overall weighted
RMS errors of and ~mag respectively. For the BAO
measures, the weighted RMS errors were and Mpc with
for the modified GR and for the CDM
models, over the range . The derived GR metric accurately
describes both the SNe Ia and the baryonic acoustic oscillation (BAO)
observations without requiring dark matter or -corrected dark energy while
allowing the spatial term to remain flat, suggesting that the standard metric
may accept an additional term for the curvature of space due to its Hubble
expansion.Comment: 11 pages, 7 figures, submitted to Results in Physic
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Escape the low-growth trap? Microfinance in Tanzania
Tanzania is a small-sized economy, with a large portion of the population below the poverty line of $2 a day, particularly in rural areas. Finscope 2009, a national survey, provides evidence that 56% of the population has no access to financial services, a proportion that has slightly grown over the last few years. The main reasons given by respondents for not having loans, bank accounts or savings are practical obstacles (especially geographical distance), costs and lack of information â thereby suggesting that there is a large unmet demand for âaccessibleâ financial services.
Microfinance has endeavoured to address these needs, devising solutions to provide the poorer segments of the population with credit and â to a lesser extent â insurance, leasing and transfers. However, the Tanzanian microfinance market is still tiny, young, and dominated by a small number of major organisations; it is mostly active in Dar es Salaam and Arusha, with limited penetration in rural areas. What are, then, the barriers to its growth, and what steps can be taken to overcome them?
Our study of microfinance in Tanzania, now at the end of its second year, addresses these concerns by widening its perspective, from case studies of individual microfinance institutions (MFIs) to the whole set of actors and stakeholders that operate in the field. More precisely, we adopt a network approach that places emphasis on the structure of inter-organisational partnerships that relate MFIs to relevant stakeholders, funders, and regulators; by so doing, we aim to bring to light systemic issues and to identify suitable policy responses
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Strength of weak ties in microfinance
Executive briefing paper No. 7, which is an additional project report as part of the 'Optimising the Dual Goals of Microfinance' research being funded by the Leverhulme Trust. The report summarises up-to-date findings arising from the PhD research
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Microfinance social performance: A global empirical study
Over the years, microfinance has been purported to have experienced enormous progress and is seen to contribute towards poverty reduction by extending finance to people previously excluded from formal financial markets. However, the question on how microfinance social performance is assessed remains unresolved. The paper develops an original social performance rating for 878 microfinance institutions (MFIs), across all geographic regions in the world for a period of 11 years (2000-2010). Furthermore, the paper investigates whether or not the age, assets, regulation status, loans per loan officers, as well as the profit status of MFIs affect MFIsâ ability to perform socially
Crisis in Indian microfinance and a way forward: governance reforms and the Tamil Nadu model
In recent months, microfinance practitioners worldwide have been holding their breath over events unfolding in India. Beginning in summer 2010 with controversies surrounding the IPO of SKS, a large microfinance institution (MFI) and a major player in the market, the crisis subsequently exacerbated in the state of Andhra Pradesh, with borrowers defaulting on payments and taking their lives. Echoed by the media, hostility to microfinance rose to unprecedented levels and some politicians even encouraged borrowers not to pay back their micro-loans. In fear of deterioration of MFIsâ financial solidity, numerous banks suspended flows of funds to them, leaving them severely cash-strapped.
Yet until recently, Indian MFIs were widely praised for their contribution to the fight against poverty. By providing financial services to low-income clients, particularly women who would otherwise have limited or no access to them, microfinance has enabled them to develop small businesses and to reduce the volatility of their incomes. Even tiny loans have often been sufficient to empower the Indian poor. How, then, can the current turbulence be explained?
Our study of microfinance in India, now at the end of its second year, addresses these concerns in a twofold way. First, it has extended from the study of a single, focal partner institution to a more global picture of the whole set of inter-organisational partnerships that relate MFIs to relevant stakeholders and regulators; as such, it is best positioned to bring to light systemic issues and to identify suitable policy responses. Second, our analysis focuses on the state of Tamil Nadu, geographically close to Andhra Pradesh and similar to it in terms of size and maturity of the microfinance market, but where the crisis has not spread. It thus enables to identify differences in the operations of MFIs in the two states which, despite a common landscape, may explain their differential capacity to achieve financial and social performance. On this basis, our analysis aims to contribute to the definition of a more sustainable model of microfinance, possibly to be extended to other parts of India
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