This study examines the determinants of capital adequacy and voluntary capital buffers among microfinance institutions (MFIs). We apply the two-stage least squares (2SLS) with instrumental variables to account for endogeneity. Using quarterly panel data of 439 MFIs in Ghana covering the period...

The strengthening of regulatory requirements, along with evolution in banking regulations, can have a negative impact on the external bank financing of emerging countries heavily dependent on this type of financing. Indeed, several studies have aroused fears about the potential effects of...

Should Low Income Countries (LICs) adopt new global banking standards? The global financial crisis stimulated a series of reform initiatives to strengthen financial regulation, including a new set of global banking standards (Basel III), which all countries are being encouraged to adopt. This...