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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 presents a model of the complete microcredit financing chain investor - MIV - MFI - micro-borrower, in which social-minded MIVs provide funds only to those MFIs which do not exploit their bargaining power towards micro-borrowers. The MFIs with the highest bargaining power do not use...
Persistent link: https://www.econbiz.de/10011418233
This paper investigates whether the country-level financial environment in which microfinance institutions (MFIs) have …
Persistent link: https://www.econbiz.de/10013071227
This study examines the cost efficiency of 39 microfinance institutions across Africa, Asia and the Latin America using … non-parametric data envelopment analysis. Our findings show non-governmental microfinance institutions particularly; under … poverty and simultaneously achieving financial sustainability. However, bank-microfinance institutions also outperform in the …
Persistent link: https://www.econbiz.de/10013071153
We study the effects of competition on loan rates and portfolio-at-risk in microcredit markets using a new database from rating agencies, covering 379 microbanks located in 67 countries between 2002 and 2008. Our study reveals different competitive effects in nonprofit and for-profit microbanks....
Persistent link: https://www.econbiz.de/10009491676
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012258291
interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only … primarily outlines that many elements of microfinance could be considered consistent with the broader goals of Islamic banking …
Persistent link: https://www.econbiz.de/10010312356
This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification …
Persistent link: https://www.econbiz.de/10010319737
We study the effects of competition on loan rates and portfolio-at-risk in microcredit markets using a new database from rating agencies, covering 379 microbanks located in 67 countries between 2002 and 2008. Our study reveals different competitive effects in nonprofit and for-profit microbanks....
Persistent link: https://www.econbiz.de/10010352061
Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the …
Persistent link: https://www.econbiz.de/10010377871