LATEST PUBLICATIONS
DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
WP-2012-07
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
WP-2012-06
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
WP-2012-05
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

LATEST AV MATERIALS
PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
IRIS 2006-01: Microfinance Regulation in Seven Countries: A Comparative Study

This paper argues that policy interventions should seek to address market failures - such as information constraints, transaction costs, risk allocation, and weak governance - rather than view the financial sector as an arm of anti-poverty programming. The paper: * Analyzes illustrative experiences in this field, with emphasis on those that have achieved some success; * Addresses the case of Bolivia, Brazil, Ghana, Indonesia, Mexico, the Philippines, and South Africa; Aims to bring international lessons to bear on microfinance regulatory development in India; * Examines the key features of microfinance regulation in each country, their evolution, and their impact. The paper: * Describes the size and characteristics of the microfinance market in the seven countries; * Presents data on growth trends contemporaneous with the introduction of reforms; * Looks at the development of the regulatory framework for microfinance, discussing both the main futures of the framework and the rationale and influences affecting its adoption; * Discusses the style, scope and location of supervisory powers and responsibilities - including delegated systems; * Examines sector promotion and development efforts that are part of the regulatory framework, or complementary to it; * Addresses the implementation and impact of regulatory regimes for microfinance; * Deals with the issue of how non-government organizations (NGOs) and other pre-existing microfinance providers cope with transformation to regulated status. The paper concludes that any regulatory intervention should be justified as the most cost-effective and realistic method for achieving policy aim.

PinoyME Foundation
Authors Keywords
Gallardo, Joselito; Meagher, Patrick; Campos, Pilar; Christen, Robert Peck; Druschel, Kate; Martowijo, Sumantoro; microfinance; microfinance regulation;
Download PDF Number of Downloads
Published in 2006 and available in the IRIS Center at the University of Maryland or Downloaded 401 times since November 25, 2011
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.