Description - Microfinance and Public Policy by Bernd Balkenhol
This volume argues that public policy on micro-finance institutions (MFIs) should take into account the variety of market and contextual constraints.
Governing policies should be guided by efficiency—an overarching criterion accommodating different combinations of financial performance and social impact. This volume examines the concept of efficiency in financial intermediation, how it is measured, and how public policy can be geared to provide incentives to efficiency gains. The argument is illustrated by an empirical analysis of 45 MFIs from around the world.
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