Differences in the interest rates of microfinance institutions in some markets economies: an HLM approach
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1 décembre 2019
- handle: 10670/1.bkfvon
info:eu-repo/semantics/openAccess
Mots-clés
microfinance institutions IMFs interest rates hierarchical linear modeling government effectiveness emerging markets economies G21 E43 C55Sujets proches
Money market rates Rates, Interest Rate of interestCiter ce document
Adriana Ramírez Rocha et al., « Differences in the interest rates of microfinance institutions in some markets economies: an HLM approach », Estudios Económicos (México, D.F.), ID : 10670/1.bkfvon
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Résumé
: In this study, we analyzed the differences in the interest rates of micro-finance institutions (MFIs) of some countries in Latin America, Africa, Eastern Europe and Asia. We found that the operating expenses are essential drivers of these interest rates. We also found that operating expenses, average loan per borrower, real growth GDP, and govern ment effectiveness, are key factors that explain differences in interest rates. We use apply Hierarchical Linear Modeling (HLM) to analyze these differences.