New Economics Papers
on Microfinance
Issue of 2010‒01‒16
three papers chosen by
Aastha Pudasainee and Olivier Dagnelie

  1. How important are peer effects in group lending?: Estimating a static game of incomplete information By Li, Shanjun; Liu, Yanyan; Deininger, Klaus
  2. The Problems of Correlation in the Financial Risk Management – the Contribution of Microfinance By Janda, Karel; Svárovská, Barbora
  3. Trade finance in crisis : should developing countries establish export credit agencies ? By Chauffour, Jean-Pierre; Saborowski, Christian; Soylemezoglu, Ahmet I.

  1. By: Li, Shanjun; Liu, Yanyan; Deininger, Klaus
    Keywords: group lending, Microfinance, peer effects, repayment, group heterogeneity, peer pressure,
    Date: 2009
  2. By: Janda, Karel; Svárovská, Barbora
    Abstract: In this paper we first introduce microfinance institutions as an alternative investment instrument. We argue that beside socially responsible features of microfinance, there exists also significant portfolio enhancement opportunity in microfinance investments. Then we provide an overview of possible ways how to evaluate the correlation between microfinance related financial instruments and conventional financial market measures of risk and return.
    Keywords: Microfinance; Investment; Funds
    JEL: G11 G21
    Date: 2009–12–21
  3. By: Chauffour, Jean-Pierre; Saborowski, Christian; Soylemezoglu, Ahmet I.
    Abstract: New data on export insurance and guarantees suggest that publicly backed export credit agencies have played a role to prevent a complete drying up of trade finance markets during the current financial crisis. Given that export credit agencies are mainly located in advanced and emerging economies, the question arises whether developing countries that are not equipped with these agencies should establish their own agencies to support exporting firms and avoid trade finance shortages in times of crisis. This paper highlights a number of issues requiring attention in the decision whether to establish such specialized financial institutions. It concludes that developing countries should consider export credit agencies only when certain pre-requirements in terms of financial capacity, institutional capability, and governance are met.
    Keywords: Debt Markets,Emerging Markets,Access to Finance,Banks&Banking Reform,Financial Intermediation
    Date: 2010–01–01

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