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Rural transformation, inequality, and the origins of microfinance
Süße, Marvin; Wolf, Nikolaus - 2019
factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for …
Persistent link: https://www.econbiz.de/10012138789
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Mission drift in microcredit and microfinance institution incentives
Biancini, Sara; Ettinger, David; Venet, Baptiste - 2017 - This version: January 2017
We analyze the relationship between Microfinance Institutions (MFIs) and external donors, with the aim of contributing … to the debate on "mission drift" in microfinance. We assume that both the donor and the MFI are pro-poor, possibly at …
Persistent link: https://www.econbiz.de/10011602702
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Psychological and social motivations in microfinance contracts : theory and evidence
Dhami, Sanjit S.; Arshad, Junaid; Al-Nowaihi, Ali - 2019
Microfinance contracts have enormous economic and welfare significance. We study, theoretically and empirically, the … problem of effort choice under individual liability (IL) and joint liability (JL) contracts when loan repayments are made …
Persistent link: https://www.econbiz.de/10012040097
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When pro-poor microcredit institutions favor richer borrowers : a moral hazard story
Biancini, Sara; Ettinger, David; Venet, Baptiste - 2021
We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10012433762
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Flexible microcredit : effects on loan repayment and social pressure
Czura, Kristina; John, Anett; Spantig, Lisa - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012219888
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Shareholder liability and bank failure
Aldunate, Felipe; Jenter, Dirk; Korteweg, Arthur; … - 2021
Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …
Persistent link: https://www.econbiz.de/10012584232
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Measurement and determinants of access to loans
Hainz, Christa; Nabokin, Tatjana - 2013
Measuring and identifying financial constraints represents an important challenge in empirical studies. Due to data limitations perception-based indicators or approximations of access to finance by the usage of finance are often used, disregarding firm-specific differences in the demand for...
Persistent link: https://www.econbiz.de/10009728261
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Analyzing systemic risk in the Chinese banking system
Huang, Qiubin; Haan, Jakob de; Scholtens, Bert - 2015
We examine systemic risk in the Chinese banking system by estimating the conditional value at risk (CoVaR), the marginal expected shortfall (MES), the systemic impact index (SII) and the vulnerability index (VI) for 16 listed banks in China. Although these measures show different patterns, our...
Persistent link: https://www.econbiz.de/10011342308
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The offshore renminbi exchange rate : microstructure and links to the onshore market
Cheung, Yin-Wong; Rime, Dagfinn - 2014
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We study the CNH exchange rate dynamics and its links with onshore exchange rates. Using a specialized microstructure dataset, we find that CNH is significantly affected by its order...
Persistent link: https://www.econbiz.de/10010367171
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Mortgage-related bank penalties and systemic risk among U.S. banks
Brož, Václav; Kočenda, Evžen - 2021
We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U.S. banking industry. We employ a frequency decomposition of volatility spillovers (connectedness) to assess system-wide risk transmission with short-, medium-, and long-term...
Persistent link: https://www.econbiz.de/10012697108