nep-mfd New Economics Papers
on Microfinance
Issue of 2011‒08‒29
five papers chosen by
Olivier Dagnelie
Instituto de Analisis Economico, CSIC

  1. Performance of Microfinance Institutions: A Macroeconomic and Institutional Perspective By Katsushi Imai; Raghav Gaiha; Ganesh Thapa; Samuel Kobina AnnimAditi Gupta; Aditi Gupta
  2. Impacto do Sistema Cooperativo de Crédito na Eficiência do Sistema Financeiro Nacional By Michel Alexandre da Silva
  3. Microfinanzas en América Latina y el Caribe: El sector en cifras By Paola A. Pedroza
  4. Financial Sector Reform in India: Time for a Second Wave? By Richard Herd; Vincent Koen; Ila Patnaik; Ajay Shah
  5. Risk across Borders: A Study of the Potential of Microinsurance Products to Help Migrants Cope with Cross Border Risks By Annette Lovoi; Julia Brown; Barbara Magnoni; Rebecca Thornton

  1. By: Katsushi Imai; Raghav Gaiha; Ganesh Thapa; Samuel Kobina AnnimAditi Gupta; Aditi Gupta
    Date: 2011
  2. By: Michel Alexandre da Silva
    Abstract: The aim of this paper is to analyze the impact of the Brazilian Cooperative Credit System (CCS) in the macroeconomic efficiency of the National Financial System (NFS), meant here as the capacity in supplying cheap financial services in a uniform way. Two aspects were evaluated: the participation of the CCS in the credit supply and the capillarity of the CCS. The paper concludes that the CCS contributes to the NFS efficiency in some aspects (e.g., greater share in poor-targeted credit), but not in others (e.g., greater absence in less developed regions).
    Date: 2011–08
  3. By: Paola A. Pedroza
    Abstract: Este documento contiene información primaria recolectada por el Fondo Multilateral de Inversiones (FOMIN) e información relevante de la región de fuentes secundarias
    Keywords: microfinanzas
    Date: 2010–10
  4. By: Richard Herd; Vincent Koen; Ila Patnaik; Ajay Shah
    Abstract: The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business. The Indian equity market has become world-class. New private banks have emerged that are more customer-oriented than the older state-owned banks. Meanwhile, the scale of saving within the economy has expanded considerably, much as in East Asian economies during their high-growth period. This adds to the need for further financial-sector reform. In particular, banks need much greater freedom in asset allocation. While public-sector banks did appear sounder to the public during the 2007/08 crisis due to implicit government backing, they ought to be privatised to improve their governance and minimise the recurrent need for recapitalisation. The remaining obstacles to new entry have to be reduced. Financial inclusion is an important priority and restrictions on microfinance should be avoided. The regulatory and legal framework also needs to be overhauled, consolidating the diverse legislation. While such reforms would improve financial sector efficiency they would also likely have positive spillover effects on the rest of the economy and help sustain rapid growth. This Working Paper relates to the 2011 OECD Economic Survey of India (<P>Le système financier indien : l'heure d'une deuxième vague de réformes a-t-elle sonné ?<BR>Le système financier indien a considérablement changé depuis les années 90. Les taux d'intérêt ont été déréglementés et de nouveaux acteurs ont été autorisés dans le secteur bancaire et celui des opérations de marché et de titres. Le marché d'actions indien est de classe internationale. De nouvelles banques privées sont apparues, plus axées sur la satisfaction du client que les banques publiques plus anciennes. Par ailleurs, l'épargne intérieure a connu une expansion considérable, très similaire à celle qu'avaient connue les économies d'Asie de l'Est pendant leur période de forte croissance. Cela renforce la nécessité de nouvelles réformes du secteur financier. Les banques doivent notamment disposer d'une latitude nettement plus grande en matière de répartition de leurs actifs. Si les banques du secteur public ont paru plus solides au public lors de la crise de 2007/08, en raison de la garantie implicite de l'État dont elles bénéficiaient, il convient de les privatiser afin d'améliorer leur gouvernance et de minimiser la nécessité récurrente de les recapitaliser. Les obstacles à l'entrée de nouveaux acteurs qui subsistent doivent être réduits. L'inclusion financière revêt une importance prioritaire et les restrictions relatives à la microfinance devraient être évitées. Il est également nécessaire de remettre à plat le cadre législatif et réglementaire, en consolidant les différentes dispositions juridiques en vigueur. De telles réformes permettraient des gains d'efficience dans le secteur financier et auraient sans doute des effets d'entraînement positifs sur le reste de l'économie, contribuant ainsi à entretenir une croissance rapide.
    Keywords: India, financial regulation, interest rates, bank privatisation, bank recapitalisation, financial sector reform, financial inclusion, private banks, public-sector banks, Inde, régulation financière, privatisations bancaires, recapitalisations bancaires, réformes du secteur financier, inclusion financière, taux d’intérêt, microfinance, banques privées, banques du secteur public
    JEL: D14 E44 E65 G21 G22 G23 G28 H63 H81 K22 K23 N20 Q14
    Date: 2011–07–01
  5. By: Annette Lovoi; Julia Brown; Barbara Magnoni; Rebecca Thornton
    Abstract: This paper presents new evidence on migration and risk among Mexican migrants to the United States living in the New York City area. The paper examines the potential demand for formal risk mitigating mechanisms by studying some of the risks facing this community on both sides of the border, and provide greater understanding of their current informal risk management tools.
    Keywords: Financial Sector :: Remittances, Mexican Migrants, New York, Supply Side, Migrant-Linked Microinsurance models, Barriers to Access to Insurance, Products, Legal and Regulatory Barriers, Distribution Channels, Payments Channels, Demand Side, Transnationa, Microinsurance Products, remittances
    Date: 2010–09

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