Foreign Exchange Risk Management Practices of Microfinance Institution
ScholarsArchive (Brigham Young University)Published 1 December 2004Open access
Peter R. Crabb
Citations16
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Abstract
Foreign exchange risk remains a significant problem for microfinance institutions (MFIs). Many sources of potential funding for MFIs remain untapped due to the high risks of currency devaluation faced by these funding sources. Specifically, debt capital is available for MFIs but foreign exchange risk is a potential deterrent. This paper reviews current practices in the management of foreign exchange risk for and by MFIs. The advantages and disadvantages of these practices are discussed and alternative practices proposed.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
RePEc: Research Papers in EconomicsMicrofinance Handbook: An Institutional and Financial Perspective
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