project proposal measuring microfinance policy … · 2017-03-08 · microfinance networks memi...

Mario VENEZIANI EUROPEAN INVESTMENT BANK INSTITUTE Luxembourg 7th March 2017

5th Annual Meeting of the Knowledge Programme

LINE OF RESEARCH

The impact of microfinance on financial and social inclusion in Europe

PROJECT PROPOSAL

Measuring Microfinance Impact in the EUPolicy Recommendations for Financial and Social Inclusion (Memi)

FUNDED BY

EIB-Universities Research Sponsorship

(EIBURS)



AIM

STAKEHOLDERS

European Commission

European Investment Bank

European Investment Fund

Labour and Welfare Ministries

Foundations dealing with Financial and Social Inclusion

Microfinance Networks

Memi Measuring Microfinance Impact in the EU Policy Recommendations for Financial and Social Inclusion

Quantify the “Impact of microfinance on financial and social inclusion in Europe” to compile policy recommendations capable of suggesting a prioritisation of public expenditure to support the two major tools to achieve financial and social inclusion: microfinance and welfare programmes




OBJECTIVES

1 Paint an up to date picture of the degree of financial and social inclusion in the EU

2 Describe the state of the “market” for microfinance and welfare instruments in the EU

3 Quantify, and compare, the impact of microfinance and welfare programmes on financial and social inclusion at the micro (territorial) and macro (national) level

MICROFINANCE social inclusionfinancial inclusion

WELFARE social inclusion financial inclusion



CONSORTIUM PARTNERS




THE PEOPLE


Francesco TIMPANO Prof. of Economic Policy Università Cattolica

Director of the Project

Giulio TAGLIAVINI Prof. of Banking Management Università di Parma

Supervisor of the Project

Giampietro PIZZO Economist and Consultant Microfinanza Srl

Supervisor of the Project

Mario VENEZIANI Researcher in Economics Università di Parma

Head of Research

Marco MAZZOLI Associate Prof. of Monetary Economics Università di Genova

Lucia POLETTI Assistant Prof. of Banking Management Università di Parma

Cristina ORSO Post-Doc in Development Economics Università di Venezia

Edoardo SCALCO Consultant Microfinanza Srl

Rosangela BEE Research Assistant in Economics Università Cattolica

Federica IELASI Associate Prof. of Banking Management Università di Firenze

Alberto LANZAVECCHIA Assistant Prof. of Corporate Finance Università di Padova

Ilaria URBINATI Consultant in Social Impact Università di Parma

Antonella NOTTE Adjunct Prof. of Banking Management Università della Calabria

Riccardo GRAZIOLI Research Assistant in Economics Università Cattolica

Project Manager



PROJECT OVERVIEW AND METHODS


OUTCOMES IDENTIFICATION

SENSITIVITY ANALYSISSocial ROI results verification with policy makers

absorptive capacity of the recommendations

DISSEMINATIONwider academic, practitioning, policy audience

task 9.2

task 9.3

task 9.4

task 9.5

task 9.6

focus groups

SUPPLYMICROFINANCE

estimation costs provision

WELFARE


portfolio analysis

DEMAND

MICROFINANCE

WELFARE

contingency-table analysis

cluster analysis

IMPACT ANALYSIS

MICROFINANCE WELFARE

EFFICIENCY EVALUATION

Social ROI(case studies)

time-series analysis

(macro data)

focus groups

counter-factual analysis



WORKPLAN


TASK 9.2





task 9.2

task 9.3

task 9.4

task 9.5

task 9.6

SUPPLYMICROFINANCE


WELFARE


portfolio analysis

DEMAND

MICROFINANCE

WELFARE

contingency-table analysis

cluster analysis

IMPACT ANALYSIS



OUTCOMESProtocol for the definition and measurement of financial and social inclusion as well as financial and microfinance markets development

Database of financial and social inclusion levels and of measures of the development of financial and microfinance markets

A map of financial and social inclusion

Contingency tables and cluster analyses of measures of inclusion and financial and welfare markets development



WORKPLAN


TASK 9.3 – 9.4

OUTCOMESSet of microeconomic and macroeconomic mechanisms according to which microfinance and welfare programmes cause financial and social inclusion, and their interaction, relevant for the case studies at hand

SROI measures of the impact of microfinance and welfare programmes on financial and social inclusion (and their interaction) at three different levels of implementation

Novel evidence on the impact of financial and social inclusion on macroeconomic performance in selected EU countries





task 9.2

task 9.3

task 9.4

task 9.5

task 9.6

focus groups

SUPPLYMICROFINANCE


WELFARE


DEMAND

MICROFINANCE

WELFARE

IMPACT ANALYSIS



Social ROI(case studies)

time-series analysis

(macro data)



WORKPLAN


TASK 9.5

OUTCOMESValidated calculations of SROI values

Measures of the impact of microfinance and welfare programmes on financial and social inclusion using Propensity Score Matching (PSM) techniques

A set of feasible and “absorbable” policy recommendations to maximise the impact, efficiency and effectiveness of microfinance and welfare programmes





task 9.2

task 9.3

task 9.4

task 9.5

task 9.6

SUPPLYMICROFINANCE


WELFARE


DEMAND

MICROFINANCE

WELFARE

IMPACT ANALYSIS



focus groups

counter-factual analysis




Thanks for your attention

On behalf of the Memi Consortium

Dr. Mario VENEZIANI Head of Research

[email protected]

T +39 0521 032497

M +39 335 8042161

mailto:[email protected]

project proposal measuring microfinance policy … · 2017-03-08 · microfinance networks memi...

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