1st Edition

Microfinance and Financial Inclusion The challenge of regulating alternative forms of finance

By Eugenia Macchiavello Copyright 2018
322 Pages
by Routledge

322 Pages 11 B/W Illustrations
by Routledge

322 Pages 11 B/W Illustrations
by Routledge

Following the recent global financial crisis there is a growing interest in alternative finance – and microfinance in particular – as new instruments for providing financial services in a socially responsible way or as an alternative to traditional banking. Nonetheless, correspondingly there is also a lack of clarity about how to regulate alternative financial methods particularly in light of the... Read more

Introduction and executive summary. Microfinance and its "dimensions"  Part I. Description of Microfinance: a creature of chameleonic nature  1. New frontiers and objectives of financial regulation  2. Microcredit and Microfinance: general characteristics  Part II. Analysis of Microfinance "Dimensions" from a regulatory point of view  3. Dimension I: Microfinance as multi-facets creature: the legal enigma and different levels of regulation  4. Dimension II: the social objective within the business structure and social effectiveness  5. Dimension III: economic sustainability/effectiveness  6. Dimension IV: Microfinance as an alternative to traditional banking with "peculiar" instruments. The fundamental problem of regulating microfinance  7. Dimension V: Microfinance as an innovative chameleon: the ability to take advantage of new technologies  8. Dimension VI: Microfinance as a responsible activity: client protection without curtailing access  9. Final Conclusions

Biography

Eugenia Macchiavello is a Lecturer/Adjunct Professor in Banking Law at the University of Genoa and Senior Research Fellow at the Genoa Centre for Law and Finance.