This paper evaluates the imposition of caps on microcredit lending rates through directed credit policies for …

business. We proffer that the rise of gold loan business in Andhra Pradesh is concurrent to the exit of the Microfinance …

The provision of subsidized credit to financial institutions is an important and frequently used policy tool of … that generate shocks to the cost of financing for microfinance institutions (MFIs). MFIs that experience politically …-driven reductions in total borrowing costs hire more staff and increase administrative expenses. Cheap credit leads to greater …

While regulatory capital buffers are expected to be drawn to absorb losses and meet credit demand during crises, this …-cyclical behaviour to preserve capital ratios. By employing granular data from the credit register of the European System of Central … Banks, we isolate credit supply effects and find that banks with little headroom above regulatory buffers reduced their …

The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the …