2010 XXXIV 3

Reform, growth and resilience of savings-led commercial microfinance institutions: the case of the microbanking units of Bank Rakyat, Indonesia

Hans Dieter Seibel, Agus Rachmadi and Djarot Kusumayakti
Savings and Development Vol. 34(2010), No. 3, pp. 277-303

For three decades microfinance has rapidly expanded around the globe. The recent global crisis was feared to have stopped, if not reversed, this process. CGAP reported in 2009 that the microcredit portfolios of many MFIs “are stagnant or [...]

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Macroeconomic impacts of the global financial crisis on the Bangladesh economy

Muhammad Mahboob Ali and Anisul M. Islam
Savings and Development Vol. 34(2010), No. 3, pp. 305-342

This paper examined the impacts of the current 2007-09 global crisis on the macro-economy of Bangladesh. The evidence suggests that the impact of the crisis had been rather mild with modest slowdown of the economy and a few critical sectors [...]

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Développement financier et croissance économique dans les Pais de l’UEMOA: y a-t-il des différences sectorielles?

Brou Emmanuel Aka
Savings and Development Vol. 34(2010), No. 3, pp. 343-368

This paper, firstly, takes advantage of the principal component analysis to build a synthetic financial development indicator for every state member of the West Africa Economic and Monetary Union (WAEMU). Secondly, it examines empirically the [...]

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Credit risk in microcredit: how does gender matter?

Mathias Schmit and Helena Marrez
Savings and Development Vol. 34(2010), No. 3, pp. 369-388

This paper is the first to analyze the credit risk of a microfinance institution based on the loan portfolio of a leading Maghrebian MFI, both in terms of number of clients served and of portfolio size. This allows us to work with a proprietary data [...]

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Ethical investment and Shari’ah-compliant investment compared: can investors benefit from diversification?

Rosylin Mohd. Yusof, Mejda Bahlous and Salina H. Kassim
Savings and Development Vol. 34(2010), No. 3, pp. 389-412

This study assesses the extent of correlation between ethical investment and Shari’ah-compliant investments in different economic situations. By employing a battery of time series investigation techniques, this study aims to determine if the [...]

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