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Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the recent financial crisis. However, government credit concessions continued to expand after the economy recovered. This paper investigates some important features of this expansion...
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For women microentrepreneurs, access to financial services matters. It is critical to their ability to make productive investments in their businesses. As part of IDB's efforts to strengthen women's roles in economic development, the Women in Development Unit undertook a study to analyze the...
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Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more generally. However, evidence on the effectiveness of these...
Persistent link: https://www.econbiz.de/10010653545
Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups previously excluded from formal financial services, but they often charge interest rates that many claim are excessive. We examine microfinance interest rates and their...
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towards, and understanding of, different types of risk by investors, banks' management and regulators. … the banking system plays in the transmission of monetary policy and the transformation of risk. The paper also discusses … lending rates due to changes in the pricing of risk. These trends are, in turn, being influenced by changes in the preferences …
Persistent link: https://www.econbiz.de/10010815233