Microfinance and Public Policy

Part I. Introduction

1. Efficiency and Sustainability in Microfinance
Bernd Balkenhol

Part II. Conceptual Framework

2. Poverty versus Inequality
Amadou Diop, Isabelle Hillenkamp, Jean-Michel Servet

3. Poverty Reduction through Microfinance: A Capability Perspective
Flavio Comim

4. Achieving Poverty Outreach, Impact and Sustainability: Managing Trade-offs in Microfinance
Anton Simanowitz

5. Smart Subsidies
Jonathan Morduch

Part III. Empirical Analysis

6. Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru
Yves Flückiger, Anatoli Vassiliev

7. Efficiency in Financial Intermediation: Theory and Empirical Measurement
Thorsten Beck

8. Efficiency Drivers and Constraints: Empirical Findings
Yousra Hamed

9. Measuring the Performance of MFIs: An Application of Factor Analysis
Giovanni Ferro Luzzi, Sylvain Weber

Part IV. Selected Country Studies

10. Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Mali
Renata Serra, Fabrizio Botti, Milasoa Cherel-Robson

11. Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Morocco
Saâd Filali Meknassi

12. Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Eastern Europe and Central Asia
Justyna Pytkowska

13. Auctioning Subsidies: Chile’s ‘Access to Credit Program’
Vito Sciaraffia Merino

Part V. Conclusions

14. Policy Implications
Bernd Balkenhol

Avainsanat: Economics, Social Choice/Welfare Economics/Public Choice, Macroeconomics/Monetary Economics//Financial Economics, Labor Economics, Finance, general, Public Policy