nep-mfd New Economics Papers
on Microfinance
Issue of 2020‒08‒31
three papers chosen by
Olivier Dagnelie
Université de Caen

  1. Towards a new index of mobile money inclusion and the role of the regulatory environment By Tetteh, Godsway Korku; Goedhuys, Micheline; Konte, Maty; Mohnen, Pierre
  2. Vers une finance destinée au bien commun : la contribution de l'approche thomiste By Caroline Marie-Jeanne
  3. Credit cooperatives: Market structure, competition, and conduct. Exploring the case of Paraguay By Schneider, Andreas

  1. By: Tetteh, Godsway Korku (Maastricht University, UNU-MERIT); Goedhuys, Micheline (Maastricht University, UNU-MERIT); Konte, Maty (Barnard College, Columbia University, and UNU-MERIT); Mohnen, Pierre (Maastricht University, UNU-MERIT)
    Abstract: It is an undeniable fact that financial inclusion has become a global policy priority. Despite its popularity in the policy sphere, the concept of financial inclusion lacks a comprehensive measure to monitor and evaluate inclusive financial systems across the globe. To fill this gap, we combine macro-level data from the Financial Access Survey of the International Monetary Fund and the World Bank’s Global Findex database to construct novel indices of financial inclusion. First, we compute new financial inclusion indices that incorporate access to financial services by groups prone to exclusion. Second, we account for the recent upsurge in mobile money adoption in the developing world by computing a novel mobile money inclusion index. We further relate the financial inclusion indices with legal origin to ascertain the role of initial conditions of the regulatory environment in countries’ financial inclusion achievements. We find that whereas developed countries continue to lead in banking inclusion, developing countries in sub-Saharan Africa are at the frontiers of mobile money inclusion. Also, we find evidence suggesting that the regulatory environment matters for financial inclusion.
    Keywords: Financial Inclusion, Banking Inclusion, Financial Innovation, Mobile Money Inclusion
    JEL: G21 O16 O35 O57
    Date: 2020–08–24
    URL: http://d.repec.org/n?u=RePEc:unm:unumer:2020035&r=all
  2. By: Caroline Marie-Jeanne (UA - Université d'Angers)
    Abstract: L'objet de cet article est d'étudier, à travers la contribution de l'approche thomiste, les liens entre la finance et le bien commun. L'argent n'appartient pas aux biens communs par nature mais il peut être mis en commun par le partage et utilisé en vue du Bien commun au sens philosophique du terme. Il s'agit tout d'abord de penser cette notion dans l'ordre financier à partir des écrits fondamentaux. L'étude de l'utilisation de l'argent en vue du Bien commun, selon l'approche thomiste, à travers les prêts et la spéculation, fournit ensuite des pistes de réflexion pour répondre aux défis à venir et définir de nouvelles formes de gestion associées à cette ressource. Saint Thomas met en exergue l'importance du partage de l'argent et du gain, de la gratuité du prêt pour l'existence de la communauté, de la finalité de l'acte et de la valeur d'usage. Nous montrerons enfin comment ces concepts peuvent être développés aujourd'hui pour une finance destinée au Bien commun notamment grâce à la finance participative, à la finance solidaire, au microcrédit, aux social bonds, aux green bonds et aux climate bonds.
    Keywords: spéculation,finance,bien commun,prêt
    Date: 2019–09
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-02799230&r=all
  3. By: Schneider, Andreas
    Abstract: Measures of concentration and competition in the financial sector are important to determine public policies. However, cooperatives, and in particular in the context of small developing countries are largely ignored in economic literature. The empirical analysis is descriptive due to data availability and analysis the loan market of large credit cooperatives. However, findings are indicative and tentative. Results show that, in general, a) the cooperative system is highly concentrated, b) the loan market of large financial cooperatives is not concentrated, c) however, most loan modalities are highly concentrated, some are competitive and some are not, d) there is no indicative evidence of market abuse of the three largest credit cooperatives.
    Keywords: Credit cooperatives, Paraguay, Market structure, Competition, HHI, dual HHI
    JEL: L1 L10 L11
    Date: 2020–08–07
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:102309&r=all

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