TY  - UNPD
A1  - Schmidt, Reinhard H.
A1  - Winkler, Adalbert
T1  - Building financial institutions in developing countries
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 45
N2  - Financial development and financial institution building are important prerequisites for economic growth. However, both the potential and the problems of institution building are still vastly underestimated by those who design and fund institution building projects. The paper first underlines the importance of financial development for economic growth, then describes the main elements of “serious” institution building: the lending technology, the methodological approaches, and the question of internal structure and corporate governance. Finally, it discusses three problems which institution building efforts have to cope with: inappropriate expectations on the part of donor and partner institutions regarding the problems and effects of institution building efforts, the lack of awareness of the importance of governance and ownership issues, and financial regulation that is too restrictive for microfinance operations. All three problems together explain why there are so few successful micro and small business institutions operating worldwide.
T3  - Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting - 045 
KW  - Financial Institution Building
KW  - Economic Development
KW  - Corporate Governance
KW  - Entwicklungsländer
KW  - Institutionalismus
KW  - Institutionenökonomie
KW  - Corporate Governance
KW  - Entwicklungsfinanzierung
Y1  - 1999
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3661
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-18219
IS  - November 1999
PB  - Univ., Fachbereich Wirtschaftswiss.
CY  - Frankfurt am Main
ER  -