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Informal Finance In Low-income Countries

2019-03-04 Social Science
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Release : 2019-03-04
Genre : Social Science
Kind : eBook
Book Rating : 585/5 ( reviews)

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Book Synopsis Informal Finance In Low-income Countries by : Dale W Adams

Download or read book Informal Finance In Low-income Countries written by Dale W Adams. This book was released on 2019-03-04. Available in PDF, EPUB and Kindle. Book excerpt: Invisible to official statistics and operating outside the reach of governmental regulation, informal finance markets often prove more efficient and more fair than their formal counterparts. The authors of these studies emphasize the diversity and richness of informal credit markets.

Informal Finance in Low-Income Countries

2020-09-30
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Release : 2020-09-30
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Kind : eBook
Book Rating : 585/5 ( reviews)

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Book Synopsis Informal Finance in Low-Income Countries by : Dale W Adams

Download or read book Informal Finance in Low-Income Countries written by Dale W Adams. This book was released on 2020-09-30. Available in PDF, EPUB and Kindle. Book excerpt: Invisible to official statistics and operating outside the reach of governmental regulation, informal finance markets often prove more efficient and more fair than their formal counterparts. The authors of these studies emphasize the diversity and richness of informal credit markets.

The Informal Financial Sector in Developing Countries

1987 Developing countries
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Release : 1987
Genre : Developing countries
Kind : eBook
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Book Synopsis The Informal Financial Sector in Developing Countries by : Anand G. Chandavarkar

Download or read book The Informal Financial Sector in Developing Countries written by Anand G. Chandavarkar. This book was released on 1987. Available in PDF, EPUB and Kindle. Book excerpt:

Banks, Informal Money Lenders and Asymmetric Information

2012-05 Business & Economics
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Release : 2012-05
Genre : Business & Economics
Kind : eBook
Book Rating : 865/5 ( reviews)

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Book Synopsis Banks, Informal Money Lenders and Asymmetric Information by : Patrick Avato

Download or read book Banks, Informal Money Lenders and Asymmetric Information written by Patrick Avato. This book was released on 2012-05. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2005 in the subject Economics - Monetary theory and policy, grade: A= 1,0, Johns Hopkins University (School of Advanced International Studies (SAIS)), course: Theories and Models of Economic Development, 29 entries in the bibliography, language: English, abstract: Credit markets in developing countries differ substantially from their counterparts in OECD countries. Apart from the obvious differences in institutional development, technology and productivity which are both measures for and causes of underdevelopment, typ ical LDC credit markets have two main characteristics. Firstly, their financial systems are very small compared those in industrial economies. Secondly, developing countries are characterized by very big informal financial sectors that coexist with formal credit institutions. Interestingly, credit contracts differ highly between these two sectors and there seems to be only very limited inter-sector competition. The following paper ventures to explain the persistence of these peculiarities in rural credit markets1 using the model of asymmetric information in credit markets developed by Stiglitz and Weiss. By applying the model specifically to LDC credit markets I show that asymmetric information is among the major reasons for the underdevelopment of rural credit markets. Building on these findings I then explain how Microfinance Institutions (MFI) have lately been able to overcome some of the problems of imperfect information and strive in markets formerly dominated by informal money lenders. The first part of this paper provides an overview of the typical characteristics of credit markets in developing countries, concentrating on the limited size of LDC credit markets and on the apparent dichotomy between formal and informal finance sectors. Then, the importance of financial systems for economic development is briefly outlined in order to explain the relevance of the topic of this essay. The main part of the paper then pre

Financial Landscapes Reconstructed

2019-03-11 Political Science
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Release : 2019-03-11
Genre : Political Science
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Book Rating : 878/5 ( reviews)

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Book Synopsis Financial Landscapes Reconstructed by : F. J. A. Bouman

Download or read book Financial Landscapes Reconstructed written by F. J. A. Bouman. This book was released on 2019-03-11. Available in PDF, EPUB and Kindle. Book excerpt: The past few decades have seen special and changing emphasis in policy frameworks of rural financial intermediation in developing countries, varying from the distribution of cheap credit via specialized farm credit institutions, to the building of linkages between banks and savings groups, to attempts to use traders or NGOs as new conduits of lending. The destructive impact of cheap credit programs on rural financial markets has been the subject of two conferences organized by the Ohio State University in the USA in 1976 and 1981, in conjunction with the Agency for International Development and the World Bank. They resulted in a collection of readings edited by J.D. Von Pischke, Dale W Adams and Gordon Donald, Rural Financial Markets in Developing Countries (Baltimore: Johns Hopkins Press 1983), followed by Undermining Rural Development With Cheap Credit, edited by Dale W Adams, Douglas H. Graham and J.D. Von Pischke (Boulder: Westview Press 1984). Acknowledging the increasing interest of researchers and policymakers in the roles and uses of informal financial intermediaries, the Ohio State University subsequently organized a Seminar in Washington, D.C., in 1989 that produced Informal Finance in LowIncome Countries, edited by Dale W Adams and Delbert A. Fitchett (Boulder: Westview Press 1992).

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