Liang, Hao; Marquis, Christopher; Sun, Li - 2014
We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions (MFIs …) around the world. We consider MFIs as a mechanism to overcome the institutional void of credit for small entrepreneurs in … developing and emerging economies. Using a large global panel of MFIs from 119 countries, we find that social globalization that …