El éxito de la autorregulación de las instituciones microfinancieras en Bolivia: una prueba empírica

The success of micro financial institutions' auto-regulation: empiric evidence of the Bolivian case

Ricardo Nogales ()

MPRA Paper from University Library of Munich, Germany

Abstract: Until march 2008, two types of institutions coexisted in the bolivian micro financial market : the Microfinancial Institutions for Development (IFD, in spanish), which activities were mainly rural oriented and were not governed by the same banking regulations as all other financial institutions in the country, as oppossed to the Regulated Microfinancial Institutions (IMF, in spanish), which activities were mainly urban. Today, the Supervision Authority of Financial Institutions (SBEF, in spanish) has decided to recognize the IFD as financial institutions under the same regulation body as every other financial institution in the country. This decision implies that the IFD should have a financial performance comparable to the IMF. This study focuses on providing objective proof for the latter statement. It also proven that that the IFD have a significantly better social performance than other micro financial institutions, which allows to conclude that their inclusion in the banking regulation and the formal financial system, contributes significantly to financial social depth. In order to arrive to these conslusions, financial and social performance indexes were constructed using Factor Analysis techniques. The differences in the performance of each type of financial institution in the country were assessed through panel data models.

Keywords: Microfinanzas; Desempeño Financiero; Desempeño Social; Análisis Factorial; Efectos Individuales Aleatorios (search for similar items in EconPapers)
JEL-codes: C10 G23 O16 (search for similar items in EconPapers)
Date: 2008-11, Revised 2008-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Investigación & Desarrollo 1.8(2008): pp. 23-44

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/53018/1/MPRA_paper_53018.pdf original version (application/pdf)

Related works:
Journal Article: El exito de la autorregulacion de las instituciones microfinancieras en Bolivia: una prueba empirica (2008)
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:pra:mprapa:53018

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().