CREDIT RISK, LIQUIDITY RISK AND FEEDBACK EFFECTS ON MICROFINANCE INSTITUTIONS: AN EMPIRICAL EVIDENCE IN ECUADOR

被引：0
|
作者：
Uquillas, Adriana [1 ]
Simbana, Belen [2 ]
机构：
[1] Escuela Politecnica Nacl, Fac Ciencias, Quito, Ecuador
[2] Escuela Politecnica Nacl, Quito, Ecuador
来源：
JOURNAL OF DEVELOPMENTAL ENTREPRENEURSHIP | 2022年 / 27卷 / 04期
关键词：
Contagion channels; credit risk; credit portfolio; liquidity risk; microfinance; EMERGING ECONOMIES; BANK STABILITY; PERFORMANCE; ENTREPRENEURSHIP; SAVINGS; CRISIS; MODEL; RUNS;
D O I：
10.1142/S108494672250025X
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Ten years of data from an Ecuadorian microfinance entity together with data on macroeconomic variables was analyzed. Through a Vector Autoregressive Model, we established a one-way causal relationship between credit and liquidity risks. The model includes the feedback effects through successive deterioration of credit portfolio and illiquidity spreading and the effects of macroeconomics and financial variables on these risks. Our results corroborate the importance of incorporating new contagion channels in microfinance institutions' risk management, which helps microfinance institutions become financially sustainable, generating a relatively stable level of profitability that can improve the entrepreneur's economic situation.
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页数：31
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