Committee members: Jin, Songqing; Minetti, Raoul; Zhu, Chun
یادداشتهای مربوط به نشر، بخش و غیره
متن يادداشت
Place of publication: United States, Ann Arbor; ISBN=978-1-321-15033-9
یادداشتهای مربوط به پایان نامه ها
جزئيات پايان نامه و نوع درجه آن
Ph.D.
نظم درجات
Economics - Doctor of Philosophy
کسي که مدرک را اعطا کرده
Michigan State University
امتياز متن
2014
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
This dissertation consists of two chapters. The first chapter is dealing with microfinance's interest rates. Microfinance institutions' (MFIs) high interest rates have been at the center of controversy from the beginning of microfinance. One plausible and widely accepted theory, which explains MFIs' high interest rate puzzle, is that there exist fixed costs involved in making loans, say per borrower (or per loan) fixed transaction costs. However, in spite of its topicality, this fixed costs theory still remains untested empirically. Based on the theoretical operating costs function and a large data set on 526 MFIs from 75 countries, this study is the first attempt to test the fixed costs theory directly, by answering the following questions: how much of operating costs are incurred by per borrower fixed transaction costs? And how much do MFIs need to charge in order to cover their operating costs? We find that the per borrower fixed costs account or about 45% of total operating costs for a representative median MFI, which lends
موضوع (اسم عام یاعبارت اسمی عام)
موضوع مستند نشده
Economics; Economic theory
اصطلاحهای موضوعی کنترل نشده
اصطلاح موضوعی
Social sciences;Development;Interest rate;Microfinance;Religion
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )