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Emerging Trends and Challenges

Suresh Sundaresan

Edited by Suresh Sundaresan, Chase Manhattan Bank Professor of Finance and Economics, Columbia Business School, US

2009 144 pp Hardback 978 1 84720 920 7
ebook isbn 978 1 84844 517 8

Hardback $123.00 on-line price $110.70


Available as an eBook for subscribing libraries on Elgaronline.

For individuals at paper price on Google ebooks and

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‘. . . a valuable resource that traces the changes in the microfinance sector from its origin until now. . . The book will serve as a good reference point for future debate in these areas.’
– Microfinance Insights

Contributors: B. Armendáriz, S.S. Mohammed, R. Rahman, N. Roome, R. Rosenberg, A. Shrivastav, S. Sundaresan, B. Swanson

Further information

In 2006 the Nobel Peace Prize was awarded to Muhammad Yunus for his work on microfinance, dramatically changing attitudes towards capital markets. Suresh Sundaresan has assembled an impressive set of scholars and practitioners in this book to bring together recent practical innovations and policy questions in the realm of microfinance. The contributions emphasize practical solutions to problems facing the field by examining capital markets, providing a framework for thinking about regulation, and raising questions about gender empowerment. They examine recent developments in the field, research findings, and the challenges that lie ahead.

This book takes a solid step toward a systematic analysis of the implications of microfinance for the role and regulation of capital markets. The authors address integration of capital markets with microfinance, technological innovations such as the use of mobile phone technology, the consequences of women’s access to micro-loan borrowings, and the regulatory challenges and opportunities emerging as the landscape of microfinance dramatically evolves.

Practitioners, policy makers, and academics in the fields of developmental economics, finance, gender studies and public and development policy will enjoy this analytically rigorous work.

Full table of contents



1. Changing Landscape of Micro Finance
Suresh Sundaresan

2. The Role of International Capital Markets in Microfinance
Brad Swanson

3. Securitization and Micro-credit Backed Securities (MCBS)
Ray Rahman and Saif Shah Mohammed

4. Cell Phones for Delivering Micro-loans
Anand Shrivastav

5. How Should Governments Regulate Microfinance?
Richard Rosenberg

6. Gender Empowerment in Micro-finance
Beatriz Armendariz and Nigel Roome


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