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Ebook

The economics of microfinance



Contents
Rethinking banking -- Why intervene in credit markets? -- Roots of microfinance: ROSCAs and credit cooperatives -- Group lending -- Beyond group lending -- Savings and insurance -- Gender -- Measuring impacts -- Subsidy and sustainability -- Managing microfinance.


Abstract
"This survey of microfinance seeks to bridge the gap in the exisiting literature on microfinance between academic economists and practitioners." "The authors move beyond the usual theoretical focus in the microfinance literature and draw on new developments in theories of contracts and incentives. They challenge conventional assumptions about how poor households save and build assets and how institutions can overcome market failures. The book provides an overview of microfinance by addressing a range of issues, including lessons from informal markets, savings and insurance, the role of women, the place of subsidies, impact measurement, and management incentives. It integrates theory with empirical data, citing studies from Asia, Africa, and Latin America and introducing ideas about asymmetric information, principal-agent theory, and household decision making in the context of microfinance." "The Economics of Microfinance can be used by students in economics, public policy, and development studies. Mathematical notation is used to clarify some arguments, but the main points can be grasped without the math. Each chapter ends with analytically challenging exercises for advanced economics students."--Jacket.


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Detail Information

Call Number
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Publisher MIT Press : Cambridge, Mass..,
Collation
xiv, 346 pages : illustrations
Language
English
ISBN/ISSN
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Content Type
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Edition
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Subject(s)
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