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The uneven development of microfinance: a Latin-American perspective

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  • Annabel Vanroose

Abstract

This paper presents a first set of variables that possibly play a role in the uneven development of the microfinance sector in Latin America. A cross-country regression is applied by using a unique dataset on the outreach of microfinance institutions in the year 2001. Results indicate that microfinance is more present in high-inflation areas and in countries that receive a higher proportion of international support. Moreover, human capital and population density play a positive role in explaining the differences. The results indicate that the regulatory environment does not seem to play a significant role, but the proxy for financial liberalization does.

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File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/14669/1/rou-0243.pdf
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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 06-021.RS.

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Length: 34 p.
Date of creation: Oct 2006
Date of revision:
Publication status: Published by: Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB)
Handle: RePEc:sol:wpaper:06-021

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Related research

Keywords: microfinance; Latin America; financial sector development; aid; inflation.;

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Cited by:
  1. Janda, Karel & Zetek, Pavel, 2013. "Macroeconomic factors influencing interest rates of microfinance institutions in Latin America," MPRA Paper 49973, University Library of Munich, Germany.
  2. Janda, Karel & Zetek, Pavel, 2014. "The Impact of Public Spending on the Performance of Microfinance Institutions," MPRA Paper 55690, University Library of Munich, Germany.

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