The role of the State in micro-finance in Argentina.[Essay] by Olympe Bédier

2013-07-02

Olympe Bédier graduated from HEC in 2013, as a Student of the "Quantitative Economics and Finance" specialization program, which is a common program with the Ecole Polytechnique. She as an experience in the financial sector and spent 8 months in the deprived areas of Buenos Aires, where she worked as a consultant in finance and strategy for micro-finance institutions, in the name of Micro Finance Sans Frontières, which is an association of BNP-Paribas.

Over the last 25 years, the Argentinian authorities have played an ambivalent role in the development of micro finance in their country. After having supported microcredit until the economic crisis of the years 2000s, political authorities turned their backs on neoliberalism. They created their own doctrine of a social micro-finance, which developed slowly and under close political influence, so that it could not satisfy more than 10% of the Argentinian needs. This essays traces the theoretical and concrete contribution of the State to the Argentinian micro-finance, in a context of deep financial crisis and ideological upheaval; it also explains the regulatory, human and financial barriers hindering the blossoming of micro-finance institutions, in spite of their high potential.


Quote article  Olympe Bédier, « The role of the State in micro-finance in Argentina. », 02 july 2013, Alternative Management Observatory (AMO), [Essay]
http://appli6.hec.fr/amo/Articles/Entry/Item/309.sls

In the same section

Is Official Development Aid Designed to Fullfill the Poors' Needs?

[Essay]

[Essay] : Guillaume Angué

Since 1945 and the independence of old colonies, rich countries have attempted to help the poorest countries to develop. At first this Development Aid was aimed towards economic growth, and then towards the reduction of inequalities, social progress, and now towards sustainable development. Whereas...

>>Read more

The Rhetoric of Reaction: Perversity, Futility, Jeopardy - by Albert O. Hirschman

[Research paper]

[Research paper] : Brice Jeullin

Whereas the German sociologist Max Weber argues in his work The protestant ethic and the spirit of capitalism that the Western world has lost its guilt about the idea of making profit withthe Protestant Reformation, the author of Franciscan Richness Giacomo Todeschini, seeks to demonstrate here...

>>Read more

The role of the State in micro-finance in Argentina.

[Essay]

[Essay] : Olympe Bédier

Over the last 25 years, the Argentinian authorities have played an ambivalent role in the development of micro finance in their country. After having supported microcredit until the economic crisis of the years 2000s, political authorities turned their backs on neoliberalism. They created their...

>>Read more

Liberalizing crowdfunding in the United States

[Initiative]

[Initiative] : Damien Launoy

In order to support the American economy, several new rules to liberalize crowdfunding in the United States were included in the JOBS Act of 2012 by the Congress. From now on, a start-up will be able to contact groups of small private investors to raise equity financing. This major evolution...

>>Read more

Crisis of capitalism and death wish - by Gilles Dostaler et Bernard Maris

[Reading report]

[Reading report] : Antoine Desjonquères

This book aims at linking two 20th century great thinkers’ works: Freud and Keynes. Keynes observes capitalism not only as an economist but also as an anthropologist. Therefore, he sees men’s economical and social behaviors first of all as a consequence of an irrational impetus, which can be...

>>Read more

With the same doctype

Essay

SELCO, solar energy to fight poverty SELCO India is a social business... by Margaux Vinez
Culture and knowledge: converging... For four centuries, the Cartesian model... by Guillaume Narbonne
Protecting biodiversity, satisfying the... In the current context, biodiversity,... by Frédéric Benhaim
The French AMAPs: a partnership between... This past decade has seen the emergence... by Maëlle Gasc
Sustainability Initiatives of Emory... The objective of this review is to sum... by Jie Zhu
Reconnect - Fight against exclusion Reconnect is an association whose... by Marine Bikard
Altai Consulting Altai Consulting started its operation... by Domitille de la Morinerie
Waste management in France, current... At a moment where prices of raw... by Nathalie Rusé
Ecological Footprint and sustainable... Over the past few years, a responsible... by Claire Nativel
The Free Software Foundation. The Free Software Foundation supports... by Raphaël Saillant