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This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. -- Microfinance …
Persistent link: https://www.econbiz.de/10003929610
This paper investigates investment performance of the most commercially developed microfinance investment funds and it … also includes a discussion of major economic characteristics of microfinance investments. When we analyze the relation … between microfinance funds' returns and the performance of stock and fixed income markets in developed and emerging economies …
Persistent link: https://www.econbiz.de/10013098019
This paper studies how hyperbolic discounting affects stock market participation, asset allocation, and saving decisions over the life cycle in an economy with Epstein-Zin preferences. Hyperbolic discounting affects saving and portfolio decisions through at least two channels: (1) it lowers...
Persistent link: https://www.econbiz.de/10012983233
In today's competitive world, credit risk poses a significant challenge to lending institutions such as microfinance …
Persistent link: https://www.econbiz.de/10014383500
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: 1) Microfinance has become less risky and more closely correlated with the financial sector, 2 …
Persistent link: https://www.econbiz.de/10012940516
An effective tool of economic development is found in microfinance and is believed to provide sustainable mechanism for … poverty alleviation. The microfinance institutions across the world operate on a few established models. The studies indicate … that the microfinance institutions have been able to make a considerable impact in the areas of financial inclusion and …
Persistent link: https://www.econbiz.de/10013061617
impact of macroeconomic and micro-level factors on credit risk for microfinance institutions during the period of 2010 …
Persistent link: https://www.econbiz.de/10014500691
Persistent link: https://www.econbiz.de/10003963744
To attract retail time deposits, over 7,000 FDIC insured U.S. commercial banks publicly post their yield offers. I document an economically sizable and highly pro-cyclical cross-sectional dispersion in these yield offers during the period 1997-2011. Banks adjusted their yields rigidly and...
Persistent link: https://www.econbiz.de/10013031126
This paper tests one specific monetary transmission mechanism through households: portfolio rebalancing. We use a unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets such as mutual funds and equities, as well as bank...
Persistent link: https://www.econbiz.de/10012835832