El éxito de la autorregulación de las instituciones microfinancieras en Bolivia: una prueba empírica

Nogales Carvajal, Cristian Ricardo (2008): El éxito de la autorregulación de las instituciones microfinancieras en Bolivia: una prueba empírica. Published in: Investigación & Desarrollo , Vol. 8, No. 1 (December 2008): pp. 23-44.

Abstract

Until march 2008, two types of institutions coexisted in the bolivian micro financial market : the Microfinancial Institutions for Development (IFD, in spanish), which activities were mainly rural oriented and were not governed by the same banking regulations as all other financial institutions in the country, as oppossed to the Regulated Microfinancial Institutions (IMF, in spanish), which activities were mainly urban. Today, the Supervision Authority of Financial Institutions (SBEF, in spanish) has decided to recognize the IFD as financial institutions under the same regulation body as every other financial institution in the country. This decision implies that the IFD should have a financial performance comparable to the IMF. This study focuses on providing objective proof for the latter statement. It also proven that that the IFD have a significantly better social performance than other micro financial institutions, which allows to conclude that their inclusion in the banking regulation and the formal financial system, contributes significantly to financial social depth. In order to arrive to these conslusions, financial and social performance indexes were constructed using Factor Analysis techniques. The differences in the performance of each type of financial institution in the country were assessed through panel data models.

• Item Type: MPRA Paper
• English Title: The success of micro financial institutions' auto-regulation: empiric evidence of the Bolivian case
• Language: Spanish
• Keywords: Microfinanzas; Desempeño Financiero; Desempeño Social; Análisis Factorial; Efectos Individuales Aleatorios
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance

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