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Growth patterns of microfinance clients : evidence from sub-Saharan Africa ; conference paper
Wagner, Charlotte; Winkler, Adalbert - 2013 - This version: February 2013
We provide evidence on the growth patterns of microfinance clients. Our analysis is motivated by the debate on the … impact of microfinance on client income and growth. Based on loan-level data from close to 40,000 clients in Sub … our results provide econometric support for the largely anecdotal evidence presented by microfinance practitioners that …
Persistent link: https://www.econbiz.de/10010339390
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Chapter 71. Access to Finance
Karlan, Dean; Morduch, Jonathan - In: Handbook of development economics : volume 5, (pp. 4703-4784). 2010
Expanding access to financial services holds the promise to help reduce poverty and spur economic development. But, as a practical matter, commercial banks have faced challenges expanding access to poor and low-income households in developing economies, and nonprofits have had limited reach. We...
Persistent link: https://www.econbiz.de/10014025731
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Microfinance Institutional Growth : How Driven Forces Impact Their Financial Integration?
Kendo, Sandra - 2016
This article analyses the growth of microfinance by examining how some driven forces heighten more or less their … financial integration. Three main driven forces identify: agency costs, financial development and trade-off in microfinance. The … author samples 542 microfinance institutions. Quantile regression applies to analyze difference effects. The results first …
Persistent link: https://www.econbiz.de/10013002225
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Can an Agenda for Economic Development Be Premised on an Aggressive Program Built around Microfinance?
Obrimah, Oghenovo A. - 2019
around an aggressive foray into provision of Microfinance is more likely to fail, than to succeed. The Microfinance strategy … any supply-side or income multiplier effect from Microfinance, and there is not arrival at any beneficial transformation …, which does not reside in purview of Microfinance, there is not arrival at any meaningful economic development. The study …
Persistent link: https://www.econbiz.de/10012860391
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Finance - growth nexus and banking efficiency : The impact of microfinance institutions
Abrar, Afsheen; Hasan, Iftekhar; Kabir, Rezaul - 2021
This paper investigates the relative importance of microfinance institutions (MFIs) at both the macro (financial …
Persistent link: https://www.econbiz.de/10013324502
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Bank Liquidity, Market Participation, and Economic Growth
Mattana, Elena - 2016
We report evidence that bank liquidity ratios (liquid assets as a percentage of total assets) decrease during the process of economic development. To reconcile this observation with the increasing importance of financial markets and the increasing direct participation of individual investors in...
Persistent link: https://www.econbiz.de/10013007735
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Creditor Intervention, Investment and Growth Opportunities
Mariano, Beatriz - 2015
We show that creditors do not just ensure that inefficient investment is not undertaken, but also do not preclude efficient investment. Examining what happens following a debt covenant violation, a situation through which creditors acquire some control rights over the firm, we find that...
Persistent link: https://www.econbiz.de/10013038551
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Macroeconomic Policy, Product Market Competition, and Growth : The Intangible Investment Channel
Ahn, JeaBin - 2020
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222
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Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets
Buffie, Edward F. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012828060
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Liquidity Creation, Investment, and Growth
Beck, Thorsten - 2020
Liquidity creation (the transformation of liquid liabilities into illiquid assets) by banks is positively associated with economic growth at both country and industry levels. Liquidity creation boosts tangible, but not intangible investment and does not contribute to growth in countries with a...
Persistent link: https://www.econbiz.de/10012830176