) risk. Using manually collected data from microfinance institutions' financial reporting, I find that the microfinance …This study examines the exposure of microfinance institutions to liquidity-, interest rate and foreign exchange (FX … sector faces minimal liquidity risk, high interest rate risk and a lower than commonly assumed exposure to FX risk. Linking …

Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers … hit less hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk … within assets with identical regulatory treatment. State level US insurance regulation makes it unlikely this risk reduction …

What market features of Credit Defaults Swaps (CDS) exacerbate counterparty risk? To answer this, we formulate a model … the underlying asset and purchase CDS for risk management, while others buy these contracts purely for trading purposes …. We show that traders will choose to contract with less stable insurers, resulting in higher counterparty risk in this …

We examine the systemic risk of 61 SIFIs (i.e., 33 G-SIBs and 28 IAIGs) between 2010 and 2023. We estimate SIFI’s CoVaR … using a single index model with LASSO variable selection and construct a set of tail risk network-based systemic risk …’s systemic risk. We also find that the systemic risk of G-SIB Grangerly causes the systemic risk of IAIG, but not vice versa. Our …

characterizing feature of microfinance or whether the same risk factors associated with excessive credit growth lead "as in the …This paper presents an in-depth analysis of developments in the microfinance sector before and after the Lehman … developing countries. The findings indicate that microfinance has been part of the same credit boom observed in the traditional …

Recent events in India have brought a fresh focus upon the problem of regulation in the field of micro-finance. This … micro-borrower, the consumer of micro-financial services. The second is that of prudential oversight of risk-taking by firms … operating in micro-finance, since this could have systemic implications. The third is a developmental role, emphasising scale …

also the real economy, creating widespread social unrest. Microfinance institutions (MFIs) in developing countries seem … big impact on governance mechanisms, altering the equilibriums among different stakeholders and increasing the risk of …, unless properly supported, once again risk being the ultimate losers …

economy.Developing countries, not fully integrated with international markets, seem less affected and local microfinance … international capital is harder and more expensive.Intrinsic characteristics of microfinance, such as closeness to the borrowers …, limited risk and exposure and little if any correlation with international markets have an anti-cyclical effect. In hard and …