Počet záznamů: 1
Macroeconomics of microfinance: how do the channels work?
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SYSNO ASEP 0342786 Druh ASEP J - Článek v odborném periodiku Zařazení RIV J - Článek v odborném periodiku Poddruh J Ostatní články Název Macroeconomics of microfinance: how do the channels work? Tvůrce(i) Maksudova, Nargiza (NHU-C) RID Zdroj.dok. CERGE-EI Working Paper Series - ISSN 1211-3298
-, č. 423 (2010), s. 1-27Poč.str. 27 s. Forma vydání www - www Jazyk dok. eng - angličtina Země vyd. CZ - Česká republika Klíč. slova microfinance ; economic growth ; financial intermediation ; dynamic panel Vědní obor RIV AH - Ekonomie CEP LC542 GA MŠMT - Ministerstvo školství, mládeže a tělovýchovy CEZ MSM0021620846 - NHU-C Anotace Recent changes in the microfinance landscape are characterized by increasing patterns of its integration with national financial systems and entry of commercial banks. Microfinance is no longer perceived as an isolated marginal sector of informal intermediation but rather constitutes particular lower-end segment of the broader financial system. Addressing the limited research on the interaction of microfinance with the broader economy I aim to reveal whether and how microfinance is transferred to growth through the identification of causality. I also consider the indirect impact of microfinance through its complement/substitute nature with mainstream banks. The empirical analysis is based on data from 1433 microfinance institutions pooled into 102 countries on which I perform a Granger-causality test using the Arellano and Bond (1991) methodology. Pracoviště Národohospodářský ústav - CERGE Kontakt Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Rok sběru 2011
Počet záznamů: 1