Microfinance institutions and public policy

By D. Hardy, P. Holden, V. Prokopenko. Social Science Research Network, 2003

130 citations recorded by the source corpus.

Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance institutions (MFIs). The appropriate level and form of support for MFIs are discussed in this paper on the basis of a review of key MFI characteristics. Governments are also responsible for the regulation of MFIs; here, some principles concerning the extent and coverage of MFI regulation and supervision are developed.

Subfields: Accounting, Economics and Econometrics, Urban Studies

View Paper: https://www.semanticscholar.org/paper/fc8fc1d8c795ca2867dfeef23d54524f06a5e7ae

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Citations in the corpus

Performance and trade-offs in microfinance organisations--does ownership matter? (2008, background): “…less commercial and professional because they lack owners with the pecuniary incentive to monitor management (Berenbach and Churchill, 1997, C-GAP, 2003, Chavez and GonzalezVega, 1994, Christen and Rosenberg, 2000, Greuning et al., 1998, Hardy et al., 2003, Jansson et al., 2004, Staschen, 1999).”
Audit Quality and Corporate Governance: Evidence from the Microfinance Industry (2012, unknown): “The appropriate regulation of MFIs depends on country-specific characteristics, such as a nation’s level of development and institutional capacities (Arun, 2005; Hardy et al., 2003); thus, there is no uniform regulation of MFIs across countries (McGuire, 1999).”
Do regulated microfinance institutions achieve better sustainability and outreach? Cross-country evidence (2007, background): “MFIs falling in between the deposit-taking and donor-funded only categories should have some form of tiered regulation, with licensing and monitoring linked to the sources of funds and the clients served (Van Greuning et al., 1999; Hardy et al., 2003).”
Outreach and Efficiency of Microfinance Institutions (2011, background): “It has been argued that regulation of microfinance is necessary, just like it is for commercial banks, due to the existence of information asymmetry (Hardy et al., 2003; Marulanda and Otero, 2005).”
Women and Repayment in Microfinance: A Global Analysis (2011, background): “innovation in lending technologies, which has been a driving force in microfinance development and outreach to women (Dichter, 1997; Hardy et al., 2003).”
Performance and governance in microfinance institutions (2009, background): “Thus, such costs may outweigh the benefits ( Hardy et al., 2003 ).”