The Impact of the Global Financial Crisison Microfinance and Policy Implications / Gabriel Di Bella.

Format:

Book

Government document

Author/Creator:

Di Bella, Gabriel.

Contributor:

International Monetary Fund.

Series:

IMF Working Papers; Working Paper ; No. 2011/175

IMF Working Papers

Language:

English

Subjects (All):

Microfinance--Econometric models.

Microfinance.

Global Financial Crisis, 2008-2009.

Interest rates.

Financial risk.

Capital market.

Physical Description:

1 online resource (60 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

The global financial crisis affected microfinance institutions (MFIs) as lending growth was constrained by scarcer borrowing opportunities, while the economic slowdown negatively impacted asset quality and profitability. It also brought to the fore the relatively high interest rates that MFIs charge to their (low-income) customers. This paper revisits the issue of systemic risk of MFIs, and finds that contrary to the evidence before the crisis, MFI performance is correlated not only to domestic economic conditions but also to changes in international capital markets. It also presents an empirical analysis of lending rates with the purpose of informing policy decisions, and finds that loan sizes, productivity, and MFI age contribute to explain differences in lending rate levels. This suggest that regulation (and policies) promoting MFI competition, and innovation in lending technologies have a better chance to result in decreased lending rates.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; Figure 1. Microcredit in Selected Countries; Figure 2. Assets of the Median MFI; Figure 3. Lending Growth; II. Global Trends in Microfinance 1998-2009; Figure 4. Portfolio at Risk (PAR-30); Figure 5. Return on Equity (ROE); Table 1. MFIs Performance Indicators, 1998-2009; Figure 6. Lending Rate; Table 2. MFIs Lending Rate Fundamentals, 1998-2009; III. Data; Table 3. Selected MFI Sample; IV. An Empirical Analysis of Microfinance Systemic Risk; Table 4. Performance Regressions (Selected Sample, 1998-2009)

Table 5. Performance Regressions (Selected Sample, 1998-2009)V. An Empirical of Lending Rate Determinants; Table 6. Lending Regressions (Selected Sample, 1998-2009); Table 7. Spread Regressions (Selected Sample, 1998-2009); VI. Summary and Policy Implications; Annex; References; Footnotes

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 24, 2014).

ISBN:

9786613866783

9781463901844

1463901844

9781462391004

1462391001

9781283554336

128355433X

9781462390007

1462390005