Regulation and performance of microfinance institutions within the West African Economic and Monetary Union [r-libre/3219]

Ali, Hadizatou; Gueyie, Jean-Pierre, & Bergeron, Claude (2023). Regulation and performance of microfinance institutions within the West African Economic and Monetary Union. African Journal of Business and Economic Research, 18 (3), 7-25. https://doi.org/10.31920/1750-4562/2023/v18n3a1

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Item Type:	Journal Articles
Refereed:	Yes
Status:	Published
Abstract:	This study assesses the performance of microfinance institutions (MFIs) in the West African Economic and Monetary Union (WAEMU) following changes in regulation in 2007, including the adoption of prudential capital and liquidity ratios. Analyses of data for the period 2002-2015 show that the 2007 law has had a global negative impact on financial performance, presumably due to the costs and constraints of implementation and the respect of all its provisions. The marginal effect of the minimum capital and the minimum liquidity requirements on financial performance was positive. The impact of regulation on social performance was positive, with a decreasing marginal effect for capital and liquidity. Overall, the net effect of the law on social performance was weakly positive. These results call regulators to avoid a ‘‘one size fits all’’ policy for MFIs in the WAEMU.
Official URL:	https://doi.org/10.31920/1750-4562/2023/v18n3a1
Depositor:	Bergeron, Claude
Owner / Manager:	Claude Bergeron
Deposited:	12 Mar 2024 20:36
Last Modified:	12 Mar 2024 20:36

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