The World Bank, USA
IZA World of Labor role
Lead Economist, The World Bank, USA
Consumer and household finance, behavioral economics, entrepreneurship, supply chain finance, financial institutions
Positions/functions as a policy advisor
Senior Economist, The World Bank (2002–2011); Economist, The World Bank (1998–2002)
PhD Financial Economics, Stern School of Business New York University, 1998
“Incentivizing calculated risk-taking: Evidence from an experiment with commercial bank loan officers.” Journal of Finance 70:2 (2015): 537–575 (with S. Cole and M. Kanz).
“New firm registration and the business cycle.” International Entrepreneurship and Management Journal 11:2 (2015): 287–306 (with I. Love and D. Randall).
“Bargaining power and trade credit.” Journal of Corporate Finance 41:5 (2014): 66–80 (with D. Fabbri).
“Measuring financial inclusion: Explaining variation across and within countries.” Brookings Papers on Economic Activity (2013) (with A. Demirguc-Kunt).
“Trade credit contracts.” Review of Financial Studies 25:3 (2012): 838–867 (with L. Laeven and R. Rajan).
Digital payments can increase firms’ profits by allowing more efficient and cost-effective financial transactionsLeora Klapper, November 2017Digital payment systems can conveniently and affordably connect entrepreneurs with banks, employees, suppliers, and new markets for their goods and services. These systems can accelerate business registration and payments for business licenses and permits by reducing travel time and expenses. Digital financial services can also improve access to savings accounts and loans. Electronic wage payments to workers can increase security and reduce the time and cost of paying employees. Yet, there are challenges as many entrepreneurs and employees lack bank accounts, digital devices, and reliable technology infrastructure.MoreLess