In most developed countries, regulators have imposed loan-size ceilings to subsidized microfinance institutions (MFIs …-in-differences probit estimation. After the change in status, the approval rate rises and the financed projects are significantly larger …

This paper studies the relationship between a microfinance institution (MFI) and its credit officers when the latter …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

The microfinance movement reached developed countries in the late 1980s and it is still a niche market. This chapter … starts with a brief history of microfinance in the North. Next, it develops a supply-side perspective and pays special … institutions to reach scale and increase the range of microfinance products they supply. Last, this chapter opens avenues for …

The costs and benefits of subsidized microfinance are still a controversial topic. We evaluate how subsidies affect the … cost-efficiency of microfinance institutions (MFIs). At the same time, we account for endogenous self-selection into the … capacity. Our results reveal the redundancy between subsidization and deposit-taking in microfinance. In conclusion, combining …