Should bank managers be liable for taking excessive risks? The paper cautions that manager liability has very little … consequence, managers face considerable uncertainty on the applicable standard of care and hence on how they can avoid liability …. Second, exposing managers to uncertain liability is inconsistent with their role as agents (corporate organs). Banks will …

Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …

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 … capital. This raises the question whether the crisis resilience the microfinance sector has shown in the past remains a …

Recent events in India have brought a fresh focus upon the problem of regulation in the field of micro-finance. This … operating in micro-finance, since this could have systemic implications. The third is a developmental role, emphasising scale …-up of the micro-finance industry where the key issues are diversification of access to funds, innovations in distribution …

also the real economy, creating widespread social unrest. Microfinance institutions (MFIs) in developing countries seem …

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 …

evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance … to 2012, we determine that microfinance operational capability shares a positive relationship with the institutional …

This study examines the exposure of microfinance institutions to liquidity-, interest rate and foreign exchange (FX …) risk. Using manually collected data from microfinance institutions' financial reporting, I find that the microfinance …