Forschung, Veranstaltungen, Publikationen

Inequalities and Redistribution in Central and Eastern Europe

12th Joint IOS/APB/EACES Summer Academy on Central and Eastern Europe 2020.
Call for papers
Submission deadline: April 1, 2020.
Dates: July 6–8, 2020
Location: Akademie für Politische Bildung Tutzing on Lake Starnberg near Munich

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Aktuelles – Details

15. Oktober 2019

Closing the Non-Bank Microfinance sector: Does it Have Any Impact?

Ein Vortrag von Nargiza Alimukhamedova (Westminster International University [Tashkent] and Prague School of Economics) im Rahmen der Seminarreihe des AB Ökonomie am IOS.
Datum: 15. Oktober 2019
Zeit: 13.30 Uhr
Ort: Leibniz-Institut für Ost-und Südosteuropaforschung (IOS), Landshuter Str. 4 (Raum 109)

Most impact evaluations of microfinance institutions (MFIs) focus on measuring the impact of introducing new microfinance programs on various business and household development indicators. In contrast, empirical evidence on measuring the reverse effect, i.e. what might occur if microfinance institutions exit an economy, is scarce. The lack of evidence is mainly due to the difficulty in implementing a special experimental study and the insufficiency of reliable data for robust measures of the impact. Measuring the consequences of closing the MFI sector gives rise to an important policy agenda, as the loss due to terminating MFI activities may be devastating and may far outweigh the positive effects of introducing a new MFI. In this project, we aim to provide a novel contribution to the literature by characterizing the effect of the 2011 closure of the entire non-bank MFI sector in Uzbekistan. Specifically, in October 2011, the Central Bank of Uzbekistan revoked the license of all credit unions (121) and some of 34 microcredit organizations. We develop a multi-dimensional approach for measuring the impact of sector closure on socio-economic outcomes and various beneficiaries.