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Microfinance in Africa : Experience and Lessons From Selected African Countries
Blavy, Rodolphe - 2004
microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full … rich experience of community-based development and preexisting informal methods of financial intermediation in Africa …. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by …
Persistent link: https://www.econbiz.de/10014404159
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Central bank governance and the role of nonfinancial risk management
Khan, Ashraf - 2016
This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and...
Persistent link: https://www.econbiz.de/10011434737
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Governance for inclusive growth
Ivanyna, Maksym; Salerno, Andrea - 2021
The government's ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and...
Persistent link: https://www.econbiz.de/10012604784
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Can good governance lower financial intermediation costs?
Jarmuzek, Mariusz; Lybek, Tonny - 2018
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
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What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture
Paul, Elisabeth - 2006
This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and empirical studies into a stylized analytical framework that reflects realistic...
Persistent link: https://www.econbiz.de/10014401974
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Optimal bank recovery
Goodhart, Charles A. E.; Segoviano, Miguel - 2015
Banks' living wills involve both recovery and resolution. Since it may not always be clear when recovery plans or actions should be triggered, there is a role for an objective metric to trigger recovery. We outline how such a metric could be constructed meeting criteria of (i) adequate loss...
Persistent link: https://www.econbiz.de/10011408292
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Household deleveraging and saving rates : a cross-country analysis
Bouis, Romain - 2021
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...
Persistent link: https://www.econbiz.de/10012796301
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On the benefits of repaying
Caselli, Francesca; Faralli, Matilde; Manasse, Paolo; … - 2021
Persistent link: https://www.econbiz.de/10012796746
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Sovereign debt standstills
Hatchondo, Juan Carlos; Martinez, Leonardo; Sosa … - 2020
As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default model. We find that a one-year standstill...
Persistent link: https://www.econbiz.de/10012486150
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Amortization requirements may increase household debt : a simple example
Svensson, Lars E. O. - 2016
Debt amortization requirements have been suggested as a way to reduce household indebtedness. However, a closer look reveals that amortization requirements may create incentives for both borrowers and lenders to borrow and lend more rather than less. Suppose that a household plans to finance a...
Persistent link: https://www.econbiz.de/10011705635