Diferencias en las tasas de interés entre instituciones financieras de algunas economías emergentes: un enfoque HLM

In this study, we analyzed the differences in the interest rates of microfinance institutions (MFIs) of some countries in Latin America, Africa, Eastern Europe and Asia. We found that the operating expenses are essential drivers of these interest rates. We also found that operating expenses, average...

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Detalles Bibliográficos
Autores principales: Ramírez Rocha, Adriana, Bernal Ponce, L. Arturo, Cervantes Zepeda, Mauricio
Formato: Online
Idioma:inglés
Editor: El Colegio de México, A.C. 2019
Materias:
Acceso en línea:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/371
Revista:

Estudios Económicos

Descripción
Sumario:In this study, we analyzed the differences in the interest rates of microfinance institutions (MFIs) of some countries in Latin America, Africa, Eastern Europe and Asia. We found that the operating expenses are essential drivers of these interest rates. We also found that operating expenses, average loan per borrower, real growth GDP, and government effectiveness, are key factors that explain differences in interest rates. We use apply Hierarchical Linear Modeling (HLM) to analyze these differences.