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Articles 1741 - 1770 of 1923

Full-Text Articles in Economics

Rethinking The Approach To The Microenterprise Sector In Latin America: An Intergrating Framework, Jaime Ortiz Sep 2001

Rethinking The Approach To The Microenterprise Sector In Latin America: An Intergrating Framework, Jaime Ortiz

Journal of Microfinance / ESR Review

Unavoidable macroeconomic adjustment policies have exacerbated social inequalities in Latin America. As a result, electoral platforms have identified microenterprises as an alternative economic activity to help alleviate poverty. Pursuing an efficient microentrepreneurial base requires from governments a comprehensive package of both financing and training strategies. Conversely, microentrepreneurs require a better understanding of their activity in order to set forward arguments that will allow them to enhance their management practices. Government policies towards the microenterprise sector should create favorable conditions conducive to the establishment and operation of financial institutions as well as specialized nongovernmental organizations providing training and consulting. Within that …

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Vol. 03 No. 2 Journal Of Microfinance, Journal Of Microfinance Sep 2001

Vol. 03 No. 2 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Microcredit And The Rural Poor: A Review Of The Maharashtra Rural Credit Project, Raghav Gaiha Sep 2001

Microcredit And The Rural Poor: A Review Of The Maharashtra Rural Credit Project, Raghav Gaiha

Journal of Microfinance / ESR Review

An attempt is made to review the Maharashtra Rural Credit Project (MRCP)--a microcredit scheme--by focusing on the process of implementation and its implications for targeting, empowerment of women, and trade-off between coverage of the poorest and sustainability of this scheme. Attention is drawn to deficiencies in the design and implementation of this scheme that limit the participation of the poorest and the benefits accruing to them. Moreover, it is argued that there is a risk of overstating the trade-off between the coverage of the poorest and sustainability of the MRCP if these deficiencies are overlooked.

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Financial Performance Of Selected Microfinance Institutions: Benchmarking Progress To Sustainability, Michael Tucker Sep 2001

Financial Performance Of Selected Microfinance Institutions: Benchmarking Progress To Sustainability, Michael Tucker

Journal of Microfinance / ESR Review

A few microfinance institutions (MFIs) have implemented best business practices and made the transition to fully regulated financial institutions. Many more are in the process of undertaking this transformation or at least considering it. Rising competition among growing numbers of MFIs for both funding and clients has made improved financial performance a necessity for most if not all MFIs. Financial ratios of 17 Latin American MFIs are compared to benchmark performance ratios for the industry and with commercial Latin American banks. This small sample of data, while useful, also underlines the need for more widespread MFI reporting. Complicating reliance on …

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Book Review: Women And Microcredit In Rural Bangladesh By Aminur Rahman, Asif Dowla Sep 2001

Book Review: Women And Microcredit In Rural Bangladesh By Aminur Rahman, Asif Dowla

Journal of Microfinance / ESR Review

No abstract provided.

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Creating An Enabling Environment For Small-Scale Industries., K. M. Obitayo Sep 2001

Creating An Enabling Environment For Small-Scale Industries., K. M. Obitayo

Bullion

This paper explores how to create enabling environment for the development of small-scale industries (SSIs) which are globally noted for their immense contributions to development process and as engine of economic growth. The rest of the paper is divided into five sections. Section ll reviews the definition of SSls and highlights some relevant economic significance of SSls, Section lll reflects government's past efforts in supporting the developments of SSIs in Nigeria. Section lV discusses SSls constraints while Section V dwells on the key policy issues for creating an enabling environment for SSls. Finally, Section Vl, provides the concluding remarks and …

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Microfinance Impact Assessments: The Perils Of Using New Members As A Control Group, Dean S. Karlan Sep 2001

Microfinance Impact Assessments: The Perils Of Using New Members As A Control Group, Dean S. Karlan

Journal of Microfinance / ESR Review

Microfinance institutions aim to reduce poverty. Some assess their impact through a cross-sectional impact methodology which compares veteran to new participants and then calls any difference between these two groups the "impact" of the program. Such studies have risen recently in popularity because they are cheap, easy to implement, and often encouraged by donors. USAID, through its AIMS project, encourages this methodology with its SEEP/AIMS practitioner-oriented tools. This paper intends to inform practitioners about the perils of using such a strategy, and suggests a couple of solutions to some of the larger problems with this approach.

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Front Matter, Journal Of Microfinance Sep 2001

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Emerging Manufacturing Industry : A Financial Perspective, M S Narasimhan, L S Murty Jun 2001

Emerging Manufacturing Industry : A Financial Perspective, M S Narasimhan, L S Murty

IIMB Management Review

No abstract provided.

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How To Reduce Arrears In Microfinance Institutions, Norell, Dan Norell Apr 2001

How To Reduce Arrears In Microfinance Institutions, Norell, Dan Norell

Journal of Microfinance / ESR Review

Reducing arrears is crucial if MFIs are to achieve selfsufficiency. MFI staff must understand the causes of arrears--whether from clients' testing the MFI's determination to collect, crises in clients' lives, loans that are too large, or loans given on the basis of favoritism. Analytical tools for assessing and preventing arrears include key measures for analyzing arrears (e.g., portfolio quality ratios and performance ratios by credit officer) and financial ratio tests for determining appropriate loan size. The key to reducing arrears is to follow up late loans quickly, form strong solidarity groups, update and enforce credit policies, focus credit officers' services …

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Vol. 03 No. 1 Journal Of Microfinance, Journal Of Microfinance Apr 2001

Vol. 03 No. 1 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Coordination Failure In The Rural Credit Markets, Mishra, Atul Mishra Apr 2001

Coordination Failure In The Rural Credit Markets, Mishra, Atul Mishra

Journal of Microfinance / ESR Review

This paper tries to explain the curious fact that while at the national level the rural sector saves more than what it invests in itself in India, at the micro level, credit constraint is reported to be the main binding constraint on the activities in the rural economy. The explanation lies in the phenomenon of coordination failure. The public sector rural banks mobilize huge amounts of savings, but because of low rates of interest and high default rates, they do not lend in equal measure. Indeed, in India the public sector rural banks mobilize as savings three times the amount …

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India's Regional Rural Banks: The Institutional Dimension Of Reforms, Nitin Bhatt, Y. S. P. Thorat Apr 2001

India's Regional Rural Banks: The Institutional Dimension Of Reforms, Nitin Bhatt, Y. S. P. Thorat

Journal of Microfinance / ESR Review

Efforts to reform India's failing Regional Rural Banks (RRBs) have had limited impact, because reformers have paid little attention to the institutional dimensions of the problems facing the banks. Few efforts were made to redesign the perverse institutional arrangements that gave rise to incompatible incentive structures for key stakeholders, such as political leaders, policy makers, stockholders, bank staff, and clients. We recommend that the next leg of reforms focus on aligning the incentives of these stakeholders by giving greater importance to the RRBs' internal organizational contexts and larger policy environments.

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Assessing The Need For Microenterprises In Mexico To Borrow Start-Up Capital, Heikki Heino, Jose A. Pagan Apr 2001

Assessing The Need For Microenterprises In Mexico To Borrow Start-Up Capital, Heikki Heino, Jose A. Pagan

Journal of Microfinance / ESR Review

Mexico's microenterprises employ about 20 percent of the working age population in the country, and the number of microenterprises has increased substantially over the last decade. Given the role these small business units play in employment and wealth creation, it is important to understand the profile of firms that resort to outside start-up capital to finance their operations. Using microdata from Mexico's National Survey of Microenterprises (Encuesta Nacional de Micronegocios, ENAMIN), we analyze the socioeconomic factors related to the need for outside start-up capital. The findings show that a relatively small number of socioeconomic factors such as the background of …

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Front Matter, Journal Of Microfinance Apr 2001

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Performance Measures For Microenterprise In The United States, Karen Doyle, Jerry Black Apr 2001

Performance Measures For Microenterprise In The United States, Karen Doyle, Jerry Black

Journal of Microfinance / ESR Review

Microenterprise, while currently serving a small number of America's poor, is often the only option--other than receiving welfare--for a variety of individuals to improve their standard of living or quality of life. MicroTest, a project of the Aspen Institute, was created to improve the value of microenterprise services and the stability of microenterprise organizations over time by perfecting and promoting the use of measures to regularly assess performance. This article proposes a performance measurement framework for U.S. microenterprise development programs. The following key categories of outputs and outcomes can be used to assess the performance of microenterprise development providers: Reaching …

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Book Review- Microfinance: Conversations With The Experts Edited By Charles Oberdorf, Matthew Wood Apr 2001

Book Review- Microfinance: Conversations With The Experts Edited By Charles Oberdorf, Matthew Wood

Journal of Microfinance / ESR Review

No abstract provided.

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From The Editor, Journal Of Microfinance Apr 2001

From The Editor, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Microfinance Myopia: Lessons From The Mainstream, Kim Wilson Apr 2001

Microfinance Myopia: Lessons From The Mainstream, Kim Wilson

Journal of Microfinance / ESR Review

This essay attempts to remove the shades that blind the microfinance sector to the value of its customers and what its customers truly value. It proposes that the social agenda and financial health of microfinance institutions would be far more sound if we understood who our customers are, why they leave, what they really want, and the real business we are all in.

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Client Information Sharing In Bolivia, Campion, Anita Campion Apr 2001

Client Information Sharing In Bolivia, Campion, Anita Campion

Journal of Microfinance / ESR Review

As the microfinance industry becomes more competitive, microfinance institutions (MFIs) increasingly seek access to credit bureaus and credit information agencies. The growing number of microfinance providers in the market results in borrowers having more access to loans, which can lead to client overindebtedness and default. By sharing client information with each other and by using credit bureau information on client history and indebtedness, MFIs facing competition can reduce their credit risk and avoid unnecessary losses. While the growing interest in credit bureaus for microfinance is global, to date, few countries have credit unions and even fewer include microfinance clients in …

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Two Essays On Exchange -Traded Funds, Natalya Vladimir Delcoure Apr 2001

Two Essays On Exchange -Traded Funds, Natalya Vladimir Delcoure

Doctoral Dissertations

The purpose of this study is twofold. The first objective is to conduct an empirical inquiry into the diversification benefits of exchange-traded funds. The second objective is to examine whether exchange-traded funds exhibit superior performance compared to their rival closed-end country fund and traditional index mutual fund. I document that American investors manifest their preference for WEBS as a substitute for closed-end country funds. While I find that WEBS satisfy their objective of following their home indexes better than their rival closed-end country fund, the two-factor model I employ indicates that, despite some diversification benefits, WEBS also maintain certain risk …

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Going Places : Atm Services In India, Sanjiv Kumar Bhatia Mar 2001

Going Places : Atm Services In India, Sanjiv Kumar Bhatia

IIMB Management Review

Post-liberalisation banking sector reforms brought in a new era of competition, forcing banks to look for different ways of competing. ATM (automated teller machine) services helped banks increase their reach and improve customer responsiveness and also provided them with opportunities to open new streams of revenues. However, regulatory bindings, such as the control on the number of ATMs that can be deployed by the public sector banks, and tariff issues like high custom duty on ATM hardware, made this option unviable and constrained the growth of ATMs in the country in last decade.

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Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu Feb 2001

Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu

Research Collection School Of Economics

In this paper we compare two basic approaches to forecast volatility in the German stock market. The first approach uses various univariate time series techniques while the second approach makes use of volatility implied in option prices. The time series models include the historical mean model, the exponentially weighted moving average (EWMA) model, four ARCH-type models and a stochastic volatility (SV) model. Based on the utilization of volatility forecasts in option pricing and Value-at-Risk (VaR), various forecast horizons and forecast error measurements are used to assess the ability of volatility forecasts. We show that the mode lrankings are sensitive to …

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Development Of Russian Commercial Banks And Financial Crisis Of 1998, Anna Barc Jan 2001

Development Of Russian Commercial Banks And Financial Crisis Of 1998, Anna Barc

Theses Digitization Project

This report describes the development of commercial banks in Russia and role of government and Central Bank in advance of Russian financial system.

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Indiana State University Financial Report 2001, Indiana State University Jan 2001

Indiana State University Financial Report 2001, Indiana State University

Financial Reports

No abstract provided.

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The Impact Of Domestic Political Events On An Emerging Stock Market : The Case Of Indonesia, Herry Suhardjo Jan 2001

The Impact Of Domestic Political Events On An Emerging Stock Market : The Case Of Indonesia, Herry Suhardjo

Student Works (2000-2009)

This paper provides information regarding the effects of domestic political events on the Jakarta Stock Exchange. An event methodology is employed, and the results suggest that the market as a whole and the overall industries do not seem to respond to all political events. The results also indicate that there is no difference between the means of abnormal returns before and after the event. In general, the market as a whole and the overall industries behave in a similar manner. The change in signs (positive-negative) of abnormal returns suggests that the political condition in Indonesia was still unstable. The results …

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Effectiveness And Efficiency Of Investment Strategies: A Simulation Model, Ellen Denise Bruno Ramsey Jan 2001

Effectiveness And Efficiency Of Investment Strategies: A Simulation Model, Ellen Denise Bruno Ramsey

Graduate Student Dissertations, Theses, Capstones, and Portfolios

This dissertation, through an historical study, attempts to give the reader a clear depiction of different types of investment strategies. The four diverse investment strategies, as compared to the Optimal Strategy, were tested from December 1, 1997, through January 30, 2001 Three years of daily closing price data was obtained and utilized within a simulated model. Ten stocks, from ten diverse sectors, listed on the S&P 500 as well as the National Association of Investment Clubs (NAIC) 1999 Individual Investor's Top 100 Index, were analyzed and evaluated for each investment strategy over the duration of the study. By using Standard …

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Comparison Of Some Technical Indicators In The Kuala Lumpur Stock Exchange, Gin Hoe Lim Jan 2001

Comparison Of Some Technical Indicators In The Kuala Lumpur Stock Exchange, Gin Hoe Lim

Student Works (2000-2009)

Technical analysis is both highly controversial and widely used; some practitioners claim that it is profitable. They say that historical technical figures, such as the past behaviour of the stock's price, give them foresight into future price movements. Many others, however, claim that the practice of looking at past technical data to help predict the future is outlandish and most academics fall into this group. More and more writers are beginning to question whether technical analysis may serve as one tool available to those who want to trade profitably in the market. And this is the reason for this project …

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A Comparative Study Of Islamic Unit Trust And Conventional Unit Trust In Malaysia : An Emphasis On Its Performance, Suhaili Sarif Jan 2001

A Comparative Study Of Islamic Unit Trust And Conventional Unit Trust In Malaysia : An Emphasis On Its Performance, Suhaili Sarif

Student Works (2000-2009)

The emergence of Islamic unit trust in the Malaysian unit trust industry is reflection of a strong desire among Muslims in general and investors in specific, to have a fund intermediary which is in compliance with Syariah principles. However, its implementation has only come into success after continuous effort and commitment from the government. Unfortunately after almost 10 years of operation in the market, Islamic unit trust has only managed to capture a minuscule proportion in the unit trust market, besides receiving several negative perceptions. This study tries to determine the significant similarities and differences between Islamic and conventional un …

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Market Reaction To Share Repurchases Announcements : An Empiricial Study Of Companies Listed On The Main Board Of Klse, Yu Ming Yap Jan 2001

Market Reaction To Share Repurchases Announcements : An Empiricial Study Of Companies Listed On The Main Board Of Klse, Yu Ming Yap

Student Works (2000-2009)

This study examines the share prices behaviour surrounding the share repurchases programmes announcements by public listed companies listed on the main board of Kuala Lumpur Stock Exchange in Malaysia. f The sample of this study comprises of 48 companies and the period o study spans from 1 September 1997 to 15 October 2000. The impact of these announcements are determined by examining the market-adjusted abnormal returns and share returns of each company for 60 trading days surrounding the announcement day. Using standard event study methodology, this study documents an overall non-significant positive or negative market reaction surrounding the announcement day. …

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