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Assessing Mandated Credit Programs: Case Study of the Magna Carta in the Philippines
https://agi.repo.nii.ac.jp/records/127
https://agi.repo.nii.ac.jp/records/127be6f4f70-bc9a-42e4-8cd8-8a28049702ec
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
WP2016-09 (487.7 kB)
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| Item type | ワーキングペーパー/Working Paper(1) | |||||||||||||||||
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| 公開日 | 2016-08-15 | |||||||||||||||||
| タイトル | ||||||||||||||||||
| タイトル | Assessing Mandated Credit Programs: Case Study of the Magna Carta in the Philippines | |||||||||||||||||
| 言語 | en | |||||||||||||||||
| 言語 | ||||||||||||||||||
| 言語 | eng | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | financial inclusion | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | financial markets | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | financial policy | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | Philippines | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | SME | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | targeted lending | |||||||||||||||||
| 資源タイプ | ||||||||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||||||||||||||
| 資源タイプ | working paper | |||||||||||||||||
| 著者 |
Khor, Niny
× Khor, Niny
× Jacildo, Ryan
× Tacneng, Ruth
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| 抄録 | ||||||||||||||||||
| 内容記述タイプ | Abstract | |||||||||||||||||
| 内容記述 | We examine the effects of a mandated credit program to small and medium enterprises in the Philippines (Magna Carta Law) using a panel dataset compiled from official data published by the Bangko Sentral ng Pilipinas. The final sample of 109 financial institutions represented over 90% of total finance sector assets in the Philippines. We highlight three important findings. First, although the total lending levels to micro, small, and medium enterprises (MSMEs) grew slightly, the percentage shares of loans allocated to MSMEs declined drastically from a peak of 30% of total loans in 2002 to 16.4% in 2010. Second, following the upwards revision of the loan target (from 6% to 8%) for smaller firms in 2008, there was a sharp increase in noncompliance especially amongst universal and commercial banks. On the other hand, total loans to medium enterprises were still more than threefold larger than the targeted 2%. Third, there is an increased heterogeneity in optimal loan portfolio across banks. Most surprisingly, the absolute level of MSME lending by rural and cooperative banks declined since 2008. Direct compliance amongst universal and commercial banks decreased beginning in the late 2007, while that of thrift banks increased to almost 100%. Abolishing the Magna Carta targets for medium-sized enterprise loans would most likely yield little adverse effects. Meanwhile, efforts to improve financial access to MSMEs should focus on alternative nondistortionary ways to increase financing supply, such as improving institutional framework for informational availability and development of equity and bond markets for MSMEs. | |||||||||||||||||
| 言語 | en | |||||||||||||||||
| 書誌情報 |
AGI Working Paper Series en : AGI Working Paper Series 巻 2016-09, p. 1-29, 発行日 2016-04 |
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| 著者版フラグ | ||||||||||||||||||
| 出版タイプ | NA | |||||||||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||||||||||||||
| JEL分類コード | ||||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | JEL classification: G21, G28, O16 | |||||||||||||||||
