Credit Union Policies and Performances in Latin America.PDF

CRED Research Department WORKING PAPER NO . 98 - 1 IT UNION POLICIES AND PERFORMANCE IN LATIN AMERICA

This paper explores empirical linkages between credit unions’ (CUs’) policies and their financial perfomance, as measured by loan delinquency and profitability, using a unique micro dataset of credit unions in three Latin American countries. The estimated translog profit function is generalized using a slack variable concept that parameterizes any systematic deviation from profitmaximizing beha...

Nature, Development, and Distribution in Latin America.PDF

Credit Union Policies and Performance in Latin America

This paper presents a conceptual framework for explaining credit union (CU) loan delinquency and profitability in developing countries, together with empirical estimation for a unique sample of Latin American CUs. Delinquency and profitability were found to be responsive to the incentives that CUs create for their borrowers to repay loans. These incentives include loan and deposit rates, the us...

A Hidden Contributor to the Korean Miracle: The Korean Credit :union: Movement

Korean credit :::union:::s (CUs) are considered to be a hidden contributor to the “Korean miracle”, characterized by remarkable economic growth and relatively low income inequality. The Korean miracle not only generated wealth in an economically strapped and socially under-privileged people, but also contributed to regional community development and the democratization of Korean society. In...

Deforestation and credit instability in Latin American countries Deforestation and credit instability in Latin American countries

This paper highlights the link between deforestation and credit instability in Latin American countries which exhibit strong deforestation rates as well as macroeconomic instability that is often rooted in the alternating episodes of credit booms and crunches. Pieces of explanation establishing a causal link between credit instability and deforestation driven by agricultural expansion are put f...