Credit Market Structure and Interest Rates: An Approach to the Microfinance Segment
By Robert Soto ; Paúl Antonio Rebolledo
December 2004
Language: Spanish
Abstract
Verification—through a model based on microeconomic fundamentals—of the assertions that the microfinance sector has a structure that allows lending institutions to exercise a certain degree of market power to set their interest rates and obtain profits higher than those resulting from a situation of perfect competition.