MIKROFINANČNÍ REVOLUCE: AKTUÁLNÍ KONTROVERZE A VÝZVY

Janda, Karel and Zetek, Pavel (2014): MIKROFINANČNÍ REVOLUCE: AKTUÁLNÍ KONTROVERZE A VÝZVY.

Abstract

This paper provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. In summary, the findings of the reviewed literature underline the great improvement in the microfinance field that, however, has not reached its full potential yet. At the same time, we outline potential risks and drawbacks which are being discovered along the way of microfinance development and maturing, many of which still waiting for more rigorous scholarly examination.

• Item Type: MPRA Paper
• English Title: MICROFINANCE REVOLUTION: RECENT CONTROVERSIES AND CHALLENGES
• Language: Czech
• Keywords: Microfinance; microcredit; efficiency; mission drift
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development; 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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