05550nam a2200397 a 4500 ebr10512097 CaPaEBR m u cr cn||||||||| 070621s2007 nyuad sb 001 0 eng d 2007025503 0230547028 (alk. paper) 9780230547025 (Palgrave Macmillan) 9221193470 (ILO) 9789221193470 (ILO) 9789221193487 (e-book) CaPaEBR CaPaEBR (OCoLC)767502541 d------ HG178.3 .M533 2007eb 332 22 Microfinance and public policy [electronic resource] : outreach, performance and efficiency / edited by Bernd Balkenhol. New York : Palgrave Macmillan ; [Geneva] : International Labour Organization, c2007. xxiii, 263 p. : ill. Includes bibliographical references and index. Introduction -- Efficiency and sustainability in microfinance / Bernd Balkenhol -- Promise and achievements -- Efficiency in the microfinance literature -- Efficiency: The concept -- Applicability of efficiency concepts in microfinance -- Efficiency versus financial Sustainability -- Structure of the book -- Conceptual framework -- Poverty versus inequality / Amadou Diop, Isabelle Hillenkamp, Jean Michel Servet -- Introduction -- Defining and measuring poverty -- How microfinance can help reduce poverty -- Poverty reduction and financial performance -- Can microfinance reach the poor? -- The harmful side effects: Increased disparities -- Poverty reduction through microfinance: a capability perspective / Flavio Comim -- Introduction -- Who are the poor? What are the issues? -- Positive mechanisms -- Negative mechanisms -- A capability perspective -- Achieving poverty outreach, impact and sustainability: managing trade-offs in microfinance / Anton Simanowitz -- Introduction: Combining social and financial objectives -- Trade-offs -- Managing trade-offs -- Conclusions -- Smart subsidies / Jonathan Morduch -- Introduction Subsidies and microfinance -- Valuing subsidies -- "Crowding in" and "crowding out" -- Conclusions -- Empirical analysis -- Efficiency in microfinance institutions: an application of data envelopment analysis to MFIs in Peru / Yves Flickiger, Anatoli Vassiliev -- Introduction -- Previous research on MFIs' performance evaluation -- Performance analysis methodology -- Data sources and variable construction -- Efficiency analysis with the DEA model -- Conclusions -- Efficiency in financial intermediation: theory and empirical measurement / Thorsten Beck -- Introduction -- Interest spreads and credit rationing: theory -- Interest spreads and credit rationing: cross-country evidence -- Decomposing spreads -- Explaining spreads -- Conclusions and policy lessons -- Efficiency drivers and constraints: Empirical findings / Yousra Hamed -- Introduction -- Methodology -- The data -- MFI clusters -- Performance drivers and constraints -- Conclusions -- Measuring the performance of MFIs: an application of factor analysis / Giovanni Ferro Luzzii and Sylvain Weber -- Introduction -- The data -- Factor analysis: theory and practice -- Cluster analysis -- Assessing what determines performance -- Conclusions -- Selected country studies -- Contextual factors determining poverty outreach and financial performance: the case of Mali / Renata Serra, Fabrizio Botti, and Milasoa Cherel-Robson-- Introduction -- Domestic contextual factors: institutions, state and markets -- External factors: the implications of subsidy withdrawal -- Conclusion -- Contextual factors determining poverty outreach and financial performance: the case of Morocco / Said Filali Meknassi -- Introduction -- Institutional context -- Support by banks -- Subsidies -- Conclusion -- Contextual factors determining poverty outreach and financial performance: the case of Central and Eastern Europe / Jusyna Pytkovwsa -- Introduction -- Access to resources -- Financial performance -- Social performance -- Auctioning subsidies: Chile's "Access to Credit Program" / Vito Sciaraffia Merino -- Introduction -- Micro-enterprises in Chile -- Has the PAC achieved its goals? -- Conclusions -- Policy implications / Bernd Balkenhol -- Global donor support to microfinance -- Weight of subsidies in microfinance -- What prompts public policy support to MFIs? -- General effects of public policy on efficiency in microfinance at the sectoral level -- Support measures affecting the efficiency of individual MFIs -- The way forward: how to support the best of class and the others -- Annex I : GIAN survey -- Annex II. Multivariate analysis and classification: social and financial performance -- Annex III. Multivariate analysis and classification: social and financial performance and efficiency -- Bibliography -- Index. Electronic reproduction. Palo Alto, Calif. : ebrary, 2011. Available via World Wide Web. Access may be limited to ebrary affiliated libraries. Microfinance. Microfinance Developing countries Case studies. Poverty Developing countries Case studies. Small business Developing countries Finance Case studies. Electronic books. local Balkenhol, Bernd. ebrary, Inc. http://site.ebrary.com/lib/rucke/Doc?id=10512097 An electronic book accessible through the World Wide Web; click to view 223028 223028