Word: bankses
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Dates: during 1990-1999
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Instead of looking at the Indonesian economy as a whole, or how the Indonesian economy affects other economies, Tobacman will focus his work on interactions between banks and their customers.
He will begin his year working for the Harvard Institute for International Development (HIID). There he will help Bank Bakayat--a uniquely structured Indonesian bank comprised of a series of small "village banks"--determine what practices are most successful for its local banks.
Tobacman says the village banks provide an unusual level of intimacy between the customer and the bank.
"The village banks are interesting for how they very carefully design their programs with the knowledge of human behavior and psychology," he says. "People who work in the banks are very in touch with the people who take loans."
Tobacman adds that the village banks' effort to understand their customers' behavior is similar to Laibson's effort to model economic behavior.