LEADER 05580nam 2200769Ia 450 001 9910172229503321 005 20200520144314.0 010 $a1-282-91185-6 010 $a9786612911859 010 $a0-230-30002-2 024 7 $a10.1057/9780230300026 035 $a(CKB)2670000000055528 035 $a(EBL)668106 035 $a(OCoLC)767502541 035 $a(SSID)ssj0000439589 035 $a(PQKBManifestationID)11295118 035 $a(PQKBTitleCode)TC0000439589 035 $a(PQKBWorkID)10464653 035 $a(PQKB)10793868 035 $a(SSID)ssj0001659535 035 $a(PQKBManifestationID)16439941 035 $a(PQKBTitleCode)TC0001659535 035 $a(PQKBWorkID)14986411 035 $a(PQKB)11347569 035 $a(DE-He213)978-0-230-30002-6 035 $a(MiAaPQ)EBC668106 035 $a(EXLCZ)992670000000055528 100 $a20070621d2007 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aMicrofinance and public policy $eoutreach, performance and efficiency /$fedited by Bernd Balkenhol 205 $a1st ed. 2007. 210 $aNew York $cPalgrave Macmillan$dc2007 215 $a1 online resource (288 p.) 225 1 $aInternational Labour Organization (ILO) Century Series 300 $aDescription based upon print version of record. 311 $a1-349-36133-X 311 $a0-230-54702-8 320 $aIncludes bibliographical references and index. 327 $aCover; Contents; List of Tables; List of Figures and Boxes; List of Abbreviations; Acknowledgements; Foreword; Notes on Contributors; Part I: Introduction; 1 Efficiency and Sustainability in Microfinance; 1.1 Promise and achievements; 1.2 Efficiency in the microfinance literature; 1.3 Efficiency: the concept; 1.4 Applicability of efficiency concepts in microfinance; 1.5 Efficiency versus financial sustainability; 1.6 Structure of the book; Part II: Conceptual Framework; 2 Poverty versus Inequality; 2.1 Introduction; 2.2 Defining and measuring poverty 327 $a2.3 How microfinance can help reduce poverty2.4 Poverty reduction and financial performance; 2.5 Can microfinance reach the poor?; 2.6 The harmful side-effects: increased disparities; 3 Poverty Reduction through Microfinance: A Capability Perspective; 3.1 Introduction; 3.2 Who are the poor? What are the issues?; 3.3 Positive mechanisms; 3.4 Negative mechanisms; 3.5 A capability perspective; 4 Achieving Poverty Outreach, Impact and Sustainability: Managing Trade-offs in Microfinance; 4.1 Introduction: combining social and financial objectives; 4.2 Trade-offs; 4.3 Managing trade-offs 327 $a4.4 Conclusions5 Smart Subsidies; 5.1 Introduction; 5.2 Subsidies and microfinance; 5.3 Valuing subsidies; 5.4 'Crowding in' and 'crowding out'; 5.5 Conclusions; Part III: Empirical Analysis; 6 Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru; 6.1 Introduction; 6.2 Previous research on MFIs' performance evaluation; 6.3 Performance analysis methodology; 6.4 Data sources and variable construction; 6.5 Efficiency analysis with the DEA model; 6.6 Conclusions; 7 Efficiency in Financial Intermediation: Theory and Empirical Measurement 327 $a7.1 Introduction7.2 Interest spreads and credit rationing: theory; 7.3 Interest spreads and credit rationing: cross-country evidence; 7.4 Decomposing spreads; 7.5 Explaining spreads; 7.6 Conclusions and policy lessons; 8 Efficiency Drivers and Constraints: Empirical Findings; 8.1 Introduction; 8.2 Methodology; 8.3 The data; 8.4 MFI clusters; 8.5 Performance drivers and constraints; 8.6 Conclusions; 9 Measuring the Performance of MFIs: An Application of Factor Analysis; 9.1 Introduction; 9.2 The data; 9.3 Factor analysis: theory and practice; 9.4 Cluster analysis 327 $a9.5 Assessing what determines performance9.6 Conclusions; Part IV: Selected Country Studies; 10 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Mali; 10.1 Introduction; 10.2 Domestic contextual factors: institutions, state and markets; 10.3 External factors: the implications of subsidy withdrawal; 10.4 Conclusion; 11 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Morocco; 11.1 Introduction; 11.2 Institutional context; 11.3 Support by banks; 11.4 Subsidies; 11.5 Conclusion 327 $a12 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Eastern Europe and Central Asia 330 $aMicrofinance institutions (MFIs) provide a public good; if MFIs create and deepen markets where none existed before, there may be a case for public support. This book is based on a study of 45 MFIs, and applies factor analysis and cluster analysis to show that MFIs form clusters in terms of social and financial performance. 410 0$aInternational Labour Organization (ILO) Century Series 606 $aMicrofinance$zDeveloping countries$vCase studies 606 $aMicrofinance 606 $aPoverty$zDeveloping countries$vCase studies 606 $aSmall business$zDeveloping countries$xFinance$vCase studies 615 0$aMicrofinance 615 0$aMicrofinance. 615 0$aPoverty 615 0$aSmall business$xFinance 676 $a332 701 $aBalkenhol$b Bernd$0791991 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910172229503321 996 $aMicrofinance and public policy$94204238 997 $aUNINA