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Author : Anand G. Chandavarkar
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:
Author : Patrick Avato
Release : 2012-05
Genre : Business & Economics
Kind : eBook
Book Rating : 865/5 ( reviews)
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
Author : Jan Pieter Krahnen
Release : 2022-07-06
Genre : Business & Economics
Kind : eBook
Book Rating : 70X/5 ( reviews)
Book Synopsis Development Finance As Institution Building by : Jan Pieter Krahnen
Download or read book Development Finance As Institution Building written by Jan Pieter Krahnen. This book was released on 2022-07-06. Available in PDF, EPUB and Kindle. Book excerpt: In this comparative study of programmes against poverty in developing countries, the authors argue that building sustainable, target group-oriented financial institutions is important and feasible, and that it is likely to have greater development impact than the channelling of external funds to poor target groups (small and micro-scale business, small farmers, and women). The analysis has far-reaching implications for development policy and will interest development specialists, policymakers, and scholars of development finance and international banking.
Author : Dale W Adams
Release : 2019-03-04
Genre : Social Science
Kind : eBook
Book Rating : 585/5 ( reviews)
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.
Author : Dimitri A. Germidis
Release : 1991
Genre : Business & Economics
Kind : eBook
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Book Synopsis Financial Systems and Development by : Dimitri A. Germidis
Download or read book Financial Systems and Development written by Dimitri A. Germidis. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:
