This paper is devoted to the analysis of liquidity risk in microfinance. Using a re-sampling method, we estimate withdrawal rate distributions for migrants’ and locals’ deposits, using an original database of 7,828 deposit contracts issued between 2002 and 2008 by 12 village banks belonging...

This paper addresses the relationship between remittances and home country investment in developing countries. It highlights, through both a theoretical model and an empirical analysis, the role of financial sector development (FSD) in the impact of remittances on home country investment. The...

This paper is a first attempt to empirically measure the impact of a money transfer activity on MFIs’ savings mobilisation. After analysing the opportunities for MFIs to succeed in transforming remittances receivers into clients, the paper empirically tests whether MFIs operating on the...

Entering the remittances market should allow microfinance institutions (MFIs) reaching their social and financial objectives, and should also contribute increasing the economic impact of remittances in receiving countries. In this paper we evaluate the involvement of Latin American and Caribbean...

Remittances (money sent home by migrants) to developing countries are estimated to have reached USD 325 billion in 2010. In the thesis we focus on the share of remittances that is saved by the receivers and wonder how to maximize its impact on domestic investment. Through a set of questions, we...

In this paper, we explore the determinants of newswire coverage of Federal Reserve (Fed) communications. Our sample covers all 344 forward‐looking communications made in the period May 1999–May 2004. We find, first, that there is a higher likelihood of newswire coverage for monetary policy...

This study uses a unique, hand-collected sample of microfinance institutions from 73 countries that typically are not investigated in accounting research to analyze the relationships between audit quality and governance mechanisms. We examine two measures of audit quality, namely, the use of Big...

Strikingly, most literature suggests that market competition will push firms to take creativity/innovation seriously as matter of death or survival. Using the data, we examined creativity methods (Napier and Nilsson, 2008; Napier, 2010) in conjunction with three influential cultural values –...

Since its beginnings, the marketing discipline has been evolving through different stages and is further developing given the industry challenges such as globalization and technological impacts of the 21st century. Analyzing the attached evolution of consumer behavior and consumption patterns,...

In this online appendix, we provide extra evidence complementing our paper “Mark My Words: Information and the Fear of Declaring an Exchange Rate Regime”: we control for electoral competitiveness, law and order, and central bank independence; we drop countries with high capital controls, and...