IDEAS home Printed from https://ideas.repec.org/a/hyp/journl/v3y2015i4p33-45.html
   My bibliography  Save this article

Electronic Commerce. Payment Instruments

Author

Listed:
  • Alin Titus PIRCALAB

    () (“Vasile Goldis” West University, Arad)

Abstract

In consideration of the roles of microfinance banks (MFBs) in poverty reduction, employment generation and overall development of an economy, particularly a less developed economy, the paper employs the methodology of ARDL-based Bounds test approach to co-integration and error correction analysis to investigate the determinants of loans and advances extended by microfinance banks in Nigeria using data spanning the period from 1992 to 2013. The empirical evidence indicates that the major determinants of the amount of loans and advances extended by MFBs are deposits, shareholders’ fund, liquidity ratio and inflation. Customers’ deposits positively affect MFBs’ loans and advances in the short-run and long-run, though the long run effect is not significant. Shareholders’ fund also positively affects MFBs’ loans and advances in the short-run and long-run. Inflation and liquidity ratio negatively affect the amount of loans and advances extended by the MFBs. Measures recommended by the paper to boost the supply of loans and advances by the MFBs to enhance their contributions to economic growth and development of Nigeria include mobilization of more deposits, expansion of shareholders’ base and fund and, credit risk management by the MFBs, setting the liquidity ratio by the Central Bank at levels that will not over-contract the ability of MFBs to extend loans and advances to microenterprises and, control of inflation by the relevant authorities.

Suggested Citation

  • Alin Titus PIRCALAB, 2015. "Electronic Commerce. Payment Instruments," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 3(4), pages 33-45, December.
  • Handle: RePEc:hyp:journl:v:3:y:2015:i:4:p:33-45
    as

    Download full text from publisher

    File URL: https://hej.hyperion.ro/articles/4(3)_2015/HEJ%20nr4(3)_2015_A4Pircalab.pdf
    Download Restriction: no

    More about this item

    Keywords

    data interchange; electronic commerce; electronic money;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hyp:journl:v:3:y:2015:i:4:p:33-45. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iulian Panait). General contact details of provider: http://edirc.repec.org/data/fehypro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.