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innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization …
Persistent link: https://www.econbiz.de/10011258789
This study aims to assess the microfinance institutions’ (MFIs’) efficiency in the West African Economic and Monetary … outreach. For this purpose, we use a data envelopment analysis (DEA) to measure the social efficiency on the one hand and the … financial efficiency on the other hand. Our results show that sustainability prevails. Indeed, we observe an increase in …
Persistent link: https://www.econbiz.de/10011260252
innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization …
Persistent link: https://www.econbiz.de/10011228244
In this paper, financial infrastructures increase the efficiency of the banking sector: they decrease the market power …
Persistent link: https://www.econbiz.de/10005487052
Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the...
Persistent link: https://www.econbiz.de/10005652605
This study evaluates whether the development of Islamic banking influences macroeconomic efficiency. Thus, we … approach to estimate technical efficiency at the country level for a sample of 70 countries. We use a unique hand … favours macroeconomic efficiency. Furthermore, we have support for a non-linear relation with efficiency for Islamic banking …
Persistent link: https://www.econbiz.de/10010796472
with clients, we explore patterns of cost and efficiency in MFIs. We find that improved operational efficiency comes with …
Persistent link: https://www.econbiz.de/10010654654
recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as … an illustrative econometric model of the relation between social and financial efficiency. …
Persistent link: https://www.econbiz.de/10011108740
A Chinese subsidiary of a foreign bank issued yuan-denominated bonds on China's domestic interbank bond market for the … first time on 20 May 2010. China's corporate bond market, although split between an exchange and an OTC market, has been … growing since 2008, but total corporate bonds outstanding only amounted to 9.2% of China's GDP at end-2009, lower than that in …
Persistent link: https://www.econbiz.de/10013136398
This paper examines the factors which affect the illiquidity from bond characteristics and market variables through four popular illiquidity measures. The paper also study how the illiquidity, equity volatility and stamp tax affect corporate bonds' yield spreads. Findings suggest that...
Persistent link: https://www.econbiz.de/10013091565