The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance s...
Robert Cull, Asli Demirgüç‐Kunt, Jonathan Morduch
In April 2007, Banco Compartamos of Mexico held a public offering of its stock in which insiders sold 30 percent of their holdings. The sale was over-subscribed by 13 times, and Compartamos was soon worth $1.6 billion (for details of the story, see Rosenberg, 2007; Malkin, 2008; Accion International...
Shaker Ahmed, Mostafa Monzur Hasan, Md Rajib Kamal
Abstract We examine the effect of the Russia–Ukraine crisis on the European stock markets. Because of increased political uncertainty, geographic proximity and the ramifications of the fresh sanctions imposed on Russia, the European stock markets tended to react negatively to this crisis. We find th...
Abdul Aziz, Umma Naima
A growing body of literature is advancing the impact of financial inclusion and digital finance on marginalized populations. However, mainstream scholarship has not focused on understanding the potential drivers and challenges of digital approaches to financial inclusion. This study aims to investig...
Christos K. Staikouras, Geoffrey E. Wood
The rate of return earned by a financial institution is affected by numerous factors. These factors include elements internal to each financial institution and several important external forces shaping earnings performance. The type of explanation would determine possible policy implications and oug...
Alan Jolis, Muhammad Yunus
(GB) has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. At GB, credit is a cost eff...
Sudipta Bose, Habib Zaman Khan, Afzalur Rashid, Shajul Islam
Hao Li, Xuan Zhang, Yang Zhao
Shahzad Uddin, Trevor Hopper
Jalal D. Akhavein, Allen N. Berger, David B. Humphrey
Mohamed Albaity, Ray Saadaoui Mallek, Abu Hanifa Md. Noman
This paper investigates the impact of competition on bank stability using data from 276 banks across eighteen MENA countries between 2006–2015. We controlled for financial inclusion, productivity, and macroeconomic instability in addition to several different control variables, including bank size, ...
Md. Kausar Alam, Mosab I. Tabash, Mabruk Billah, Sanjeev Kumar et al.
The conflict between Russia and Ukraine has been causing knock-on effects worldwide. The supply and price of major commodity markets (oil, gas, platinum, gold, and silver) have been greatly impacted. Due to the ongoing conflict, financial markets across the world have experienced a strong dynamic re...
Md. Bokhtiar Hasan, M. Kabir Hassan, Md. Mamunur Rashid, Yasser Alhenawi
This study evaluates the safe-haven role of twelve assets against the US stock market during the 2008 global financial crisis (GFC) and the COVID-19 pandemic. Our results show that silver and the Islamic stock index were safe havens during the 2008 GFC, and the Islamic stock index and Tether have be...
Abu Umar Faruq Ahmad, M. Kabir Hassan
Abstract This article examines current legal and regulatory issues of Islamic banking in Bangladesh. The most important issue in this context is the lack of a well‐defined regulatory and supervisory framework for Islamic banks for their effective functioning in line with the tenets of Shariah. Other...
Habib Ahmed
The severity of the current financial crisis has shaken the foundations of the capitalist financial system and has led to the search for ideas and solutions. This paper identifies the failure of risk mitigation at different levels as the main cause of the crisis. While following the principles of Is...