The uneven development of microfinance: a Latin-American perspective

Annabel Vanroose

No 06-021.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This paper presents a first set of variables that possibly play a role in the uneven development of the microfinance sector in Latin America. A cross-country regression is applied by using a unique dataset on the outreach of microfinance institutions in the year 2001. Results indicate that microfinance is more present in high-inflation areas and in countries that receive a higher proportion of international support. Moreover, human capital and population density play a positive role in explaining the differences. The results indicate that the regulatory environment does not seem to play a significant role, but the proxy for financial liberalization does.

Keywords: microfinance; Latin America; financial sector development; aid; inflation. (search for similar items in EconPapers)
JEL-codes: F35 G21 G28 O54 O57 (search for similar items in EconPapers)
Pages: 34 p.
Date: 2006-10
New Economics Papers: this item is included in nep-dev and nep-mfd
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Citations: View citations in EconPapers (5)

Published by: Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB)

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Persistent link: https://EconPapers.repec.org/RePEc:sol:wpaper:06-021

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