Supervision and Regulation in the Context of Financial Liberalization: Bolivia, Mexico, and Colombia

ACCION International, August 2004

49 Pages Posted: 17 Aug 2005

See all articles by Elisabeth Rhyne

Elisabeth Rhyne

ACCION International

Patty Devaney

ACCION International

Jacques Trigo

ACCION International

Abstract

This paper examines the regulatory framework for microfinance in three countries: Mexico, Bolivia, and Colombia, each with very different experiences in financial reform, financial crisis, and microfinance. It explores the impact of financial reform and crisis on the choices regulatory authorities have made about microfinance, and in turn, explores how these choices have affected the character of the microfinance industry in each country. It also addresses the elements of good microfinance regulation, beginning with the financial sector environment needed to advance microfinance and continuing with preparation of supervisors and specific norms adapted for microfinance. These topics are illustrated by comparing experiences and policies on the three subject countries.

Keywords: Microfinance, MFI, Mexico, Bolivia, Colombia

JEL Classification: O1, N86, N36

Suggested Citation

Rhyne, Elisabeth and Devaney, Patty and Trigo, Jacques, Supervision and Regulation in the Context of Financial Liberalization: Bolivia, Mexico, and Colombia. ACCION International, August 2004, Available at SSRN: https://ssrn.com/abstract=776905

Elisabeth Rhyne (Contact Author)

ACCION International ( email )

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Patty Devaney

ACCION International ( email )

56 Roland Street
Suite 300
Boston, MA 02129
United States

Jacques Trigo

ACCION International ( email )

56 Roland Street
Suite 300
Boston, MA 02129
United States

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