AGDI a environ 300 publications actuellement.
2015 |
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1. | Nwachukwu, Simplice Asongu Jacinta A C The Determinants of Interest Rates in Microbanks: Age and Scale 2015. Abstract | Links | BibTeX | Tags: age, Developing countries, economies of scale, interest rates, microbanks, Microfinance, non-bank financial institutions @workingpaper{Nwachukwu2015b, title = {The Determinants of Interest Rates in Microbanks: Age and Scale}, author = {Simplice Asongu A Jacinta C. Nwachukwu}, editor = {African 2015 Governance and Development Institute WP/15/004}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Determinants-of-Interest-Rates-in-Microbanks.pdf}, year = {2015}, date = {2015-02-01}, abstract = {This study investigates the legitimacy of the relatively high interest rates charged by those microfinance institutions (MFIs) which have been transformed into regulated commercial banks using information garnered from a panel of 1232 MFIs from 107 developing countries. Results show that formally regulated micro banks have significantly higher average portfolio yields than their unregulated counterparts. By contrast, large-scale MFIs with more than eight years of experience have succeeded in lowering interest rates, but only up to a certain cut-off point. The implication is that policies which help nascent small-scale MFIs to overcome their cost disadvantages form a more effective pricing strategy than do initiatives to transform them into regulated institutions.}, keywords = {age, Developing countries, economies of scale, interest rates, microbanks, Microfinance, non-bank financial institutions}, pubstate = {published}, tppubtype = {workingpaper} } This study investigates the legitimacy of the relatively high interest rates charged by those microfinance institutions (MFIs) which have been transformed into regulated commercial banks using information garnered from a panel of 1232 MFIs from 107 developing countries. Results show that formally regulated micro banks have significantly higher average portfolio yields than their unregulated counterparts. By contrast, large-scale MFIs with more than eight years of experience have succeeded in lowering interest rates, but only up to a certain cut-off point. The implication is that policies which help nascent small-scale MFIs to overcome their cost disadvantages form a more effective pricing strategy than do initiatives to transform them into regulated institutions. |