Microfinance and Financial Inclusion: The Challenge of Regulating Alternative Forms of Finance

ISBN-13: 9780367594862 / Angielski / Miękka / 2020 / 308 str.

Eugenia Macchiavello

Opis

This book considers microfinance from a legal perspective. The book describes the unique dimensions of microfinance and the difficulties which this can cause for regulators. The focus is on the European Union framework, with some references to some developing world experiences where relevant. The book assesses the impact and validity of current

Spis treści

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

O autorze

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.