microfinance, banking to the poor, is a recent global phenomenon introduced as a way for combating the poverty in the 1970’s. before that the poor were not allowed access to credit and loans due to the widespread belief that the poor could not repay loans. but microfinance movement with financial innovations reduced the costs and risks of lending to poor households, and presented as tool for re...

This study examines the effects of systemic risk on global hedge fund returns. We consider systemic risk as a conditional information variable to predict the underlying exposures to various asset market returns and risk factors. This study examines a proxy for global systemic risk employed by investment professionals known as the Treasury/Eurodollar (TED) spread. The findings reveal that increa...

After a decade of operations, the Global Fund is an institutional form in flux. Forced to cancel its eleventh round of funding due to a shortfall in donor pledges, the Fund is currently in firefighting mode, overhauling its leadership, governance structures, and operations. Drawing on a case study of Uganda, we look at how the original Global Fund vision to be a simple financial instrument has ...

0605 The Global Fund to Fight AIDS, Tuberculosis and Malaria (“the Global Fund”) was created to fi ght three of the world’s most devastating diseases. Since its creation in 2002, it has struggled with the diffi cult task of focusing on three diseases, and at the same time supporting the fragile public health systems that are supposed to implement this fi ght on the ground. Recent internal comme...