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How is financial regulation different for micro-finance?

Author

Listed:
  • M. Sahoo
  • Renuka Sane

    (Indira Gandhi Institute of Development Research)

  • Susan Thomas

    () (Indira Gandhi Institute of Development Research)

Abstract

What is the role of financial regulation in the field of micro-finance? This paper identiles two features of micro-finance which call for unique treatment in policy considerations as compared to policy thinking in the mainstream body of financial law. These features are credit recovery and the credit risk of the MFI, when credit access is enabled through the structure of the joint liability group. The paper goes on to offer draft law which embeds a regulatory treatment of micro-finance that flows from this analysis.

Suggested Citation

  • M. Sahoo & Renuka Sane & Susan Thomas, 2012. "How is financial regulation different for micro-finance?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2012-005, Indira Gandhi Institute of Development Research, Mumbai, India.
  • Handle: RePEc:ind:igiwpp:2012-005
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    File URL: http://www.igidr.ac.in/pdf/publication/WP-2012-005.pdf
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    References listed on IDEAS

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    4. Bullard, James & Mitra, Kaushik, 2002. "Learning about monetary policy rules," Journal of Monetary Economics, Elsevier, vol. 49(6), pages 1105-1129, September.
    5. Ashima Goyal, 2011. "Sustainable debt and deficits in Emerging Markets," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, pages 113-136.
    6. Goyal, Ashima, 2011. "A general equilibrium open economy model for emerging markets: Monetary policy with a dualistic labor market," Economic Modelling, Elsevier, vol. 28(3), pages 1392-1404, May.
    7. Ashima Goyal, 2009. "The Natural Interest Rate In Emerging Markets," World Scientific Book Chapters,in: New And Enduring Themes In Development Economics, chapter 15, pages 333-368 World Scientific Publishing Co. Pte. Ltd..
    8. Ashima Goyal, 2007. "Tradeoffs, Delegation and Fiscal-Monetary Coordination in a Developing Economy," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 42(2), pages 141-164, December.
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    10. Bhaskar Dutta & Tridip Ray & E Somanathan (ed.), 2009. "New and Enduring Themes in Development Economics," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7207.
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