Problems of access to finance in developing countries can be decisive in generating poverty traps and persistent income inequalities. Unlike traditional finance which excluded vulnerable populations from participating in financial activities, microfinance institutions have made it easier for the...

Problems of access to finance in developing countries can be decisive in generating poverty traps and persistent income inequalities. Unlike traditional finance which excluded vulnerable populations from participating in financial activities, microfinance institutions have made it easier for the...

The Tunisian banks currently operate in a very competitive environment. Long-term viability of this sector depends on its degree of efficiency. Therefore a study relating to the determinants of X-Efficiency in Tunisian banks is of major interest. For that purpose, we made recourse to an...

The main purpose of this paper is to determine the macro-prudential indicators of financial strength that can be used under supervision of the banking system in CEMAC. More specifically, we start from a set of indicators listed in the literature on macro-prudential supervision, and identify...

In this paper, using monetary policy rules, we build a model which describes the fixing of the interest rate by the Bank of Central African's States (BEAC). First, with a GMM adapted for a forward looking rule, we propose a reaction function for this central bank. The result shows that from 1986...

This article analyzes the profitability of the banks in six European countries between 1994 and 1997. We deal with the link between profitability and certain external and interns' determinants of European banking system. Following a methodology of panel analysis with a fixed individual effects...

In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and...

Vietnam accession to WTO has been officially confirmed 11 January 2007. If markets opening can introduce higher international competition, it will foster the reform of the banking sector.

The recent crisis should not be used to prouve the failure of the entire financial system. Global banking systems are regulated by rules, that have not been applied correctly all over the place. And just one "hole" in the regulatory net is sufficient to make it useless.

We study the impact of foreign banks' presence in Central and Eastern Europe's countries on their economic development and on the financial crisis they went through. We show that, despite a certain vulnerability of the domestic banking systems, the consequences of the opening of the banking...