Suchergebnisse

Reseña de la obra de: RICO GARRIDO, Silvia, LACALLE CALDERÓN, Maricruz, MÁRQUEZ VIGIL, Javier y DURÁN NAVARRO, Jaime (2007) Microcredit in Spain , Madrid, Foro Nantik Lum de Microfinanzas (European Microfinance network), 142 pp.

Abstract
Changes to access to credit can potentially cause changes to the returns to various factors—general equilibrium (GE) effects. This paper considers changes in wages, prices of goods and services, interest rates, and in the returns to forming or maintaining social ties. Such GE effects can lead to positive and/or negative indirect effects on economic agents, including those who are not directly affected by a given credit policy. Thus such effects matter for the average level and distribution of impacts resulting from credit access. In addition, GE effects have implications for research design, in that those who are indirectly affected via GE channels are generally not a valid counterfactual for those who are directly affected.

In this paper we develop a banking model to study the traditional credit and the microcredit markets. We suppose a monopolistic traditional bank that specializes in screening potential debtors based in their risk profile and a microcredit bank that focus on monitoring the riskier profile customers. The model is calibrated with Colombian financial data. The results show when banking provisioning depend only on the screening level, a significant portion of the risky debtors are left out of the financial system and the microcredit bank would not operate in certain market conditions. Nonetheless, when we consider provisions that include monitoring considerations, the microcredit bank would be profitable for the different debtor risk profiles, and its optimal monitoring level is higher in comparison with the ones chosen by the traditional bank. Keywords: Bank Provisioning, Microcredit banking model, Regulation and risk profiles, debtor screening, debtor monitoring.

Microcredit and poverty alleviation : pluses and minuses -- The Bangladesh economy and poverty in Bangladesh -- The rural financial structure and the Grameen Bank -- -- Economic impact of Grameen microcredit -- Poverty alleviation impact of Grameen microcredit

The authors analyze international experience of microcredit development and made appropriate conclusions about the advantages and disadvantages of microcredit organization. Microcredit organizations are self-sufficient and stable institutions which are regulated by bank and state legislation.