Global recession and micro finance risk governance in developing countries

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

Global recession, started in 2008, is still proving an unresolved perfect storm and the financial crisis has affected also the real economy, creating widespread social unrest. Microfinance institutions (MFIs) in developing countries seem however less affected by the worldwide turmoil, due to their segmentation and resilience to external shocks. Recession has a big impact on governance mechanisms, altering the equilibriums among different stakeholders and increasing the risk of investment returns; any governance improvement is highly welcome and recommended. No governance, no money for growth or bare survival. In the confused phase we are living in, at the moment there are not evident winners, but the underbanked poorest, unless properly supported, once again risk being the ultimate losers.
Lingua originaleEnglish
pagine (da-a)17-30
Numero di pagine14
RivistaRISK GOVERNANCE & CONTROL: FINANCIAL MARKETS & INSTITUTIONS
Volume2011
Stato di pubblicazionePubblicato - 2011

Keywords

  • corporate governance
  • microfinance

Fingerprint

Entra nei temi di ricerca di 'Global recession and micro finance risk governance in developing countries'. Insieme formano una fingerprint unica.

Cita questo