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El éxito de la autorregulación de las instituciones microfinancieras en Bolivia: una prueba empírica

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  • Cristian Ricardo Nogales Carvajal

    (Centro de Investigaciones Económicas y Empresariales, Universidad Privada Boliviana)

Abstract

Hasta marzo del presente año, el mercado microfinanciero boliviano estaba conformado por dos tipos distintos de instituciones: las Instituciones Financieras para el Desarrollo (IFD), cuya actividad financiera no estaba regulada por el Estado, y las Instituciones Especializadas en Microfinanzas (IMF), que se rigen por las normas de control público. La Superintendencia de Bancos y Entidades Financieras resolvió integrar a las IFD dentro del mismo marco que el resto de las IMF. Esta resolución supone que las IFD tienen un grado de solvencia financiera comparable al de las IMF reguladas. Este estudio emplea herramientas técnicas para demostrar esta aseveración; se demuestra además que las IFD tienen un mejor desempeño social que el resto de las IMF, por lo que se concluye que su inclusión en el mercado financiero formal le otorgará un carácter social más amplio. Para llegar a estas conclusiones, se crearon índices de Desempeño Financiero y Social a través de un Análisis Factorial Exploratorio. Para medir las diferencias entre los rendimientos de las instituciones se desarrollaron cuatro modelos econométricos aplicados a un panel de datos construido específicamente para el presente estudio.

Suggested Citation

  • Cristian Ricardo Nogales Carvajal, 2008. "El éxito de la autorregulación de las instituciones microfinancieras en Bolivia: una prueba empírica," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 1(1), pages 23-44.
    • Handle: RePEc:iad:wpaper:0208
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    References listed on IDEAS

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    1. Pablo Cotler & Eduardo Rodríguez-Oreggia, 2008. "Rentabilidad y tamaño de préstamo de las microfinanzas en México. Un estudio de caso," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(2), pages 149-169, July-Dece.
    2. Simtowe, Franklin & Zeller, Manfred & Phiri, Alexander, 2006. "Determinants of Moral hazard in Microfinance: Empirical Evidence from Joint Liability Lending Schemes in Malawi," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25287, International Association of Agricultural Economists.
    3. Mark Schreiner, 2002. "Aspects of outreach: a framework for discussion of the social benefits of microfinance," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(5), pages 591-603.
    4. Simtowe, Franklin & Zeller, Manfred, 2006. "Determinants of Moral Hazard in Microfinance: Empirical Evidence from Joint Liability Lending Programs in Malawi," MPRA Paper 461, University Library of Munich, Germany.
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    1. Miranda-Reyna, Montserrat & Carrillo-Urbina, Gilberto Jaime, 2017. "Impacto de los indicadores financieros en el desempeño de las instituciones microfinancieras en México: un estudio de panel desbalanceado," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 12(46), pages 41-60, Primer se.

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    More about this item

    Keywords

    Microfinanzas; Análisis Factorial; Desempeñó Social; Desempeño Financiero; Efectos Individuales;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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