The uneven development of microfinance: a Latin-American perspective
AbstractThis 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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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 06-021.RS.
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)
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microfinance; Latin America; financial sector development; aid; inflation.;
Find related papers by JEL classification:
- F35 - International Economics - - International Finance - - - Foreign Aid
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-04 (All new papers)
- NEP-DEV-2006-11-04 (Development)
- NEP-MFD-2006-11-04 (Microfinance)
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- Janda, Karel & Zetek, Pavel, 2013. "Macroeconomic factors influencing interest rates of microfinance institutions in Latin America," MPRA Paper 49973, University Library of Munich, Germany.
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