Dynamic analysis of the interest rate determinant in microfinance institutions

Djibril Faye () and Zaka Ratsimalahelo
Additional contact information
Djibril Faye: CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Zaka Ratsimalahelo: CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]

Working Papers from HAL

Abstract: In this paper, we examine the interest rate of microfinance institutions in a dynamic framework in order to consider the anticipation phenomenon. The fluctuations that affect the development of MFIs are often unpredictable and may be fast. The results show an interest rate increase over time, which is more significant within cooperatives and Non-Governmental Organizations (NGOs) compared to other MFIs categories. Our results clearly show that these MFI types suffer from more exogenous shocks.

Keywords: interest rate; microfinance; GMM-System; Dynamic panel; Fischer test Statistic (search for similar items in EconPapers)
Date: 2022-12
Note: View the original document on HAL open archive server: https://univ-fcomte.hal.science/hal-04544247v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://univ-fcomte.hal.science/hal-04544247v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04544247

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().