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El exito de la autorregulacion de las instituciones microfinancieras en Bolivia: una prueba empirica

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  • Cristian Ricardo Nogales Carvajal

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

Abstract

Hasta marzo de 2008, 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 a las normas de control publico. La Superintendencia de Bancos y Entidades Financieras resolvio integrar a las IFD dentro del mismo marco que el resto de las IMF. Esta resolucion supone que las IFD tienen un grado de solvencia financiera comparable al de las IMF reguladas. Este estudio emplea herramientas tecnicas para demostrar esta aseveracion; se demuestra ademas que las IFD tienen un mejor desempeno social que el resto de las IMF, por lo que se concluye que su inclusion en el mercado financiero formal le otorgara un caracter social mas amplio. Para llegar a estas conclusiones, se crearon Indices de Desempeno Financiero y Social a traves de un Analisis Factorial Exploratorio. Para medir las diferencias entre los rendimientos de las Instituciones se desarrollaron cuatro modelos econometricos aplicados a un panel de datos construido especificamente para el presente estudio.

Suggested Citation

  • Cristian Ricardo Nogales Carvajal, 2008. "El exito de la autorregulacion de las instituciones microfinancieras en Bolivia: una prueba empirica," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 1(1), pages 23-44.
    • Handle: RePEc:iad:wpaper:8
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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. Hartarska, Valentina, 2005. "Governance and performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States," World Development, Elsevier, vol. 33(10), pages 1627-1643, October.
    4. 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.
    5. 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.
    6. Hartarska, Valentina M., 2004. "Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34722, Southern Agricultural Economics Association.
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    Cited by:

    1. Cristian Ricardo Nogales Carvajal & Carlos Alberto Foronda Rojas, 2010. "La inclusión en el sistema financiero y las microfinanzas," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 11(1), pages 124-138.
    2. 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; Analisis Factorial; Desempeno Social; Desempeno 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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