Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/251316 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Development Research Working Paper Series No. 03/2020
Verlag: 
Institute for Advanced Development Studies (INESAD), La Paz
Zusammenfassung: 
This paper evaluates the imposition of caps on microcredit lending rates through directed credit policies for productive sectors. This financial inclusion intervention provides a unique quasi-experiment, allowing to estimate its causal effect following a difference-in-differences analysis. Our results suggest that the imposition of interest rate ceilings negatively affected the portfolio balance of new microcredits and loans to SMEs granted by MFIs. Particularly, we find robust results indicating that the balance of the microcredit and SME loans portfolio granted by MFIs, relative to the company portfolio granted by banks, decreased by 26.1% for an average MFI for the period 2011-2018.
Schlagwörter: 
Interest rate ceilings
financial inclusion
credit access
microcredit loans
small and medium enterprises loans
JEL: 
G18
G28
G38
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.42 MB





Publikationen in EconStor sind urheberrechtlich geschützt.