The role of the State in microfinance

State intervention has been traditionally justified saying that: “the purpose of any intervention is to improve the well-being of society and, in case of intervention in the financial markets, that goal takes the form of assurance of solvency and efficiency of the system” (Martínez, 2002: 747). Apar...

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Bibliographic Details
Main Authors: Celia Hernández Cortés, Isabel Castillo Ramos, Jaime Ornelas Delgado
Format: Artículo
Language:spa
Published: Universidad Autónoma de Ciudad Juárez 2021
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Online Access:http://erevistas.uacj.mx/ojs/index.php/noesis/article/view/488
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Summary:State intervention has been traditionally justified saying that: “the purpose of any intervention is to improve the well-being of society and, in case of intervention in the financial markets, that goal takes the form of assurance of solvency and efficiency of the system” (Martínez, 2002: 747). Apart from the limitations and criticisms that we hold in this article about the viability of this instrument of public policy, to impact on the structural determinants of poverty, which unfortunately generalizes and deepens in the neoliberal form of capitalism, the purpose of this work is to attend a set of actions undertaken financing in other countries, and especially in Mexico, and the necessary government intervention to ensure the solvency of the institutions and the protection of the user population. It is, then, a collective reflection of a set of microfinance actions carried out in Mexico, which we can call additional of the formal financial market.
ISSN:2395-8669