Show simple item record

AuthorAl-Azzam, Moh'd
AuthorMimouni, Karim
Available date2021-06-24T06:47:11Z
Publication Date2016
Publication NameResearch in International Business and Finance
ResourceScopus
ISSN2755319
URIhttp://dx.doi.org/10.1016/j.ribaf.2015.10.009
URIhttp://hdl.handle.net/10576/20857
AbstractHigh microcredit interest rates have often been a source of criticism against the microfinance movement. Research has focused attention on the cost structure of interest rates and more recently on the macroeconomic and macro-institutional factors. While cost structure is probably the most important determinant of interest rates, other factors can also matter. This paper uses an innovative measure of foreign exchange risk to explore its impact on microcredit interest rates. We show that microfinance institutions that operate in countries with fixed exchange rate regimes tend to charge lower interest rates than those operating in countries with floating exchange rate regimes. .
Languageen
PublisherElsevier Ltd
SubjectEconomic development
Exchange risk
F31
F63
Financial intermediation
G12
G23
Interest rate
Microfinance
TitleIs exchange rate risk priced in microfinance?
TypeArticle
Pagination520-531
Volume Number36
dc.accessType Abstract Only


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record