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MICROFINANCE INSTITUTIONS UNDER INTEREST RATES CEILINGS

Acclassato, Denis H. - HAL - 2006

Microfinance institutions (MFIs) have grown fast in WAEMU surprising political decision makers. They reacted by setting … interest rate at 27 percent per year for microfinance institutions and 18 percent for banks. This statutory frame, fast … supervision and to precipitate a massive decline of MFIs. This law limits incentives to better governance, the efficiency and the …

Persistent link: https://www.econbiz.de/10008794800

Financial integration and financial development in transition economies : what happens during financial crises ?

Brezigar-Masten, Arjana; Coricelli, Fabrizio; Masten, Igor - HAL - 2010

This papers provides an empirical analysis of the role of financial development and financial integration in the growth dynamics of transition countries. We focus on the role of financial integration in determining the impact of financial development on growth, distinguishing "normal times" from...

Persistent link: https://www.econbiz.de/10010549087

A small macro econometric model for Kazakhstan: a retrospective of alternative economic policies undertaken during the transition process

Dufrénot, Gilles; Ospanova, Adelya; Sand-Zantman, Alain - HAL - 2014

This paper presents a quarterly macro econometric model of the Kazakhstan. The main goal is to provide a stylized representation of the Kazakh economy in order to simulate the consequences of several economic policies viewed by the authorities as essential during the period of transition to a...

Persistent link: https://www.econbiz.de/10010899302

Should market liberalization precede democracy? Causal relations between political preferences and development

Grosjean, Pauline; Senik, Claudia - HAL - 2007

This paper is dedicated to the relation between market development and democracy. We distinguish contexts and preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is reached, and whether, conversely, democratization is...

Persistent link: https://www.econbiz.de/10010738910

Structural reforms, macroeconomic policies and the future of Kazakhstan

Dufrénot, Gilles; Sand-Zantman, Alain - HAL - 2004

This paper presents a small macroeconomic model of Kazakhstan to study the impact of various economic policies. The simulations provide insight into the role of a tight monetary policy, higher foreign direct investment, rises in nominal wages and in crude oil prices. The results obtained are in...

Persistent link: https://www.econbiz.de/10008791637

Democracy, Market Liberalization and Political Preferences

Grosjean, Pauline; Senik, Claudia - HAL - 2011

This paper questions the conventional wisdom concerning the sequencing of political and economic reforms in developing countries. We exploit the specific situation of frontier-zones as well as the considerable regional variations in culture and economic development in the countries of Central...

Persistent link: https://www.econbiz.de/10009025286

Ukraine et Biélorussie : des crises jumelles ?

Goujon, Michaël; Guerineau, Samuel - HAL - 2011

L'Ukraine et la Biélorussie ont été touchées par la crise financière internationale depuis l'automne 2008. Ces deux économies en transition sont relativement proches en termes de structure productive, mais l'Ukraine est plus ouverte financièrement. Une première analyse suggère pourtant...

Persistent link: https://www.econbiz.de/10008794761

Les déterminants de la structure financière des institutions de microfinance

Tchuigoua, Hubert Tchakouté; Kouao, Guy Serge - HAL - 2011

microfinance. En raison d'un biais de sélection, la procédure en deux étapes du modèle de sélection d'Heckman a été utilisée sur un … échantillon de 277 institutions de microfinance notées entre 2001 et 2007 et 214 non notées. La note obtenue, la performance et la …

Persistent link: https://www.econbiz.de/10009386776

Breadth and depth of french microfinance outreach : an evaluation

Brana, Sophie; Jégourel, Yves - HAL - 2011

demand for credit by poor people who cannot guarantee financial collateral and stable revenues. Microfinance institutions … of microfinance programmes in industrialized countries. Considering this, we have developed in this paper an in …-depth analysis of French institutions of microfinance and an econometric analysis on the personal and social characteristics of their …

Persistent link: https://www.econbiz.de/10009368025

La microfinance et son impact sur la pauvreté dans les pays en développement

Falcucci, Alyson - HAL - 2012

Présentation de la microfinance. Son fonctionnement, ses produits et ses principes, ainsi que l'effet qu'elle a eu sur …

Persistent link: https://www.econbiz.de/10010899187