Banks Informal Money Lenders And Asymmetric Information
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Banks Informal Money Lenders And Asymmetric Information
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Author : Patrick Avato
language : en
Publisher: GRIN Verlag
Release Date : 2012-05
Banks Informal Money Lenders And Asymmetric Information written by Patrick Avato and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05 with Business & Economics categories.
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
Banks Informal Money Lenders And Asymmetric Information
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Author : Patrick Avato
language : en
Publisher: GRIN Verlag
Release Date : 2005-06-13
Banks Informal Money Lenders And Asymmetric Information written by Patrick Avato and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-13 with Business & Economics categories.
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, 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 presents the model of asymmetric information in credit markets pioneered by Stiglitz/Weiss as a possible explanation for the causal origins of these characteristics. The last part shows how successful microfinance institutions may succeed in operating in rural credit markets by their ability to overcome problems of imperfect information.
Asymmetric Information And The Market Structure Of The Banking Industry
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Author : Mr.Giovanni Dell'Ariccia
language : en
Publisher: International Monetary Fund
Release Date : 1998-06-01
Asymmetric Information And The Market Structure Of The Banking Industry written by Mr.Giovanni Dell'Ariccia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-01 with Business & Economics categories.
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
Asymmetry Of Information And Lending Risk Livelihood Pattern Of Street Vendors In India
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Author : Monika
language : en
Publisher: Booksclinic Publishing
Release Date : 2021-09-18
Asymmetry Of Information And Lending Risk Livelihood Pattern Of Street Vendors In India written by Monika and has been published by Booksclinic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-18 with Education categories.
Asymmetry of Information and Lending Risk Livelihood pattern of Street Vendors in India. This study focuses on street vendors and their related problems to access credit from formal banking institutions. our formal sector faces the risk of asymmetric information in lending to street vendors due to which street vendors lack access to institutional financing. On the other side, public authorities normally regard street vendors as encroachers of sidewalks and pavements and do not appreciate the valuable services, which street vendors are providing to the common man. Social security coverage of street vendors is very small. Here member base organizations have a positive impact on the life of street vendors. Non-Government Organizations (NGOs), who are providing social security schemes to street vendors are few in number (2009, National Policy on Urban Street Vendors). Street Vendors provide valuable services at a cheaper price to the urban population while trying to earn a livelihood and it is the duty of the State to protect the right of this segment of the population to earn their livelihood. So, this book highlights the issues and challenges faced by street vendors and also provides feasible solutions for their development.
Ownership And Asymmetric Information Problems In The Corporate Loan Market
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Author : Lewis Gaul
language : en
Publisher: CreateSpace
Release Date : 2015-01-01
Ownership And Asymmetric Information Problems In The Corporate Loan Market written by Lewis Gaul and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-01 with categories.
In credit markets, asymmetric information problems arise when borrowers have private information about their creditworthiness that is not observable by lenders. If these informational asymmetries do not negatively affect lenders' profitability, then they are irrelevant to lenders.
Ownership And Asymmetric Information Problems In The Corporate Loan Market
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Author : Lewis Gaul
language : en
Publisher:
Release Date : 2009
Ownership And Asymmetric Information Problems In The Corporate Loan Market written by Lewis Gaul and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Disrupting Finance
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Author : Theo Lynn
language : en
Publisher: Springer
Release Date : 2018-12-06
Disrupting Finance written by Theo Lynn and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-06 with Business & Economics categories.
This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.
Research Handbook On Alternative Finance
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Author : Franklin Allen
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-04-12
Research Handbook On Alternative Finance written by Franklin Allen and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-12 with Business & Economics categories.
Promoting a comparative perspective, this comprehensive Research Handbook aids in the understanding of alternative finance and its values in a global setting. Readers are encouraged to view alternative finance through the lens of economic mechanisms rather than terminology.
Formal And Informal Institutions Lending Policies And Access To Credit By Small Scale Enterprises In Kenya
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Author : Rosemary Atieno
language : en
Publisher:
Release Date : 2001
Formal And Informal Institutions Lending Policies And Access To Credit By Small Scale Enterprises In Kenya written by Rosemary Atieno and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Credit categories.
Economics Of Asymmetric Information
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Author : Indian Economic Association. Annual Conference
language : en
Publisher: Deep and Deep Publications
Release Date : 2006
Economics Of Asymmetric Information written by Indian Economic Association. Annual Conference and has been published by Deep and Deep Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Contributed papers presented at the one of the technical sessions of Indian Economic Association's 85th conference held at the Kerala University in 2002.