Group Lending With Adverse Selection
DOWNLOAD
Download Group Lending With Adverse Selection PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Group Lending With Adverse Selection book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Group Lending With Adverse Selection
DOWNLOAD
Author : Jean-Jacques Laffont
language : en
Publisher:
Release Date : 2013
Group Lending With Adverse Selection written by Jean-Jacques Laffont and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We focus on adverse selection as a foundation of group lending. In a simple static model we show that there is no collateral effect if borrowers do not know each other. If the borrowers know each other, group lending implements efficient lending. However, it is not robust to collusive behavior, when transfers are allowed between colluding partners. Finally, we characterize the optimal collusion-proof group contract.
Group Lending With Heterogeneous Types
DOWNLOAD
Author : Li Gan
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2013-04-30
Group Lending With Heterogeneous Types written by Li Gan and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-30 with Social Science categories.
Group lending has been widely adopted in the past thirty years by many microfinance institutions as a means to mitigate information asymmetries when delivering credit to the poor. This paper proposes an empirical method to address the potential omitted-variable problem resulting from unobserved group types when modeling the repayment behavior of group members. We estimate the model using a rich dataset from a group-lending program in India. The estimation results support our model specification and show the advantages of relying on a type-varying method when analyzing the probability of default of group members. In particular, our model helps to better understand the factors driving repayment behavior, which may differ across group types, and shows a higher predictive power than standard single-agent choice models.
Collusion And Group Lending With Adverse Selection
DOWNLOAD
Author : Jean-Jacques Laffont
language : en
Publisher:
Release Date : 2000
Collusion And Group Lending With Adverse Selection written by Jean-Jacques Laffont and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Bank loans categories.
In an environment with correlated returns, this paper characterizes optimal lending contracts when the bank faces adverse selection and borrowers have limited liability. Group lending contracts are shown to be dominated by revelation mechanisms which do not use the ex post observability of the partners' performances. However, when collusion between borrowers under complete information is allowed, group lending contracts are optimal in the class of simple revelation mechanisms (which elicit only the borrower's own private information) and remain useful with extended revelation mechanisms.
Southeast Asia S Credit Revolution
DOWNLOAD
Author : Aditya Goenka
language : en
Publisher: Routledge
Release Date : 2013-09-05
Southeast Asia S Credit Revolution written by Aditya Goenka and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-05 with Business & Economics categories.
The last twenty years have seen a transformation in the availability and use of credit among the less prosperous strata of Southeast Asian societies. Drawing on experiences from across the whole region, this book explores this important development, focusing especially on the modern or formal part of the microfinance sector.
How Important Are Peer Effects In Group Lending Estimating A Static Game Of Incomplete Information
DOWNLOAD
Author : Shanjun Li, Yanyan Liu, Klaus Deininger
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
How Important Are Peer Effects In Group Lending Estimating A Static Game Of Incomplete Information written by Shanjun Li, Yanyan Liu, Klaus Deininger and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
Revisiting The Indian Financial Sector
DOWNLOAD
Author : Paramita Mukherjee
language : en
Publisher: Springer Nature
Release Date : 2022-01-24
Revisiting The Indian Financial Sector written by Paramita Mukherjee and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-24 with Business & Economics categories.
This book provides perspectives on the latest developments and pertinent issues in the Indian financial sector in current times. The reforms initiated in the nineties in the financial sector have transformed the way financial markets and institutions function today. However, certain sectors like banking, and markets like the capital market have undergone sea changes. The research contributions in this book focus on the issues pertaining to such sectors like banking, NBFCs and the stock market. The opening up of financial markets and emergence of institutional investors have been a significant phenomenon in the Indian context. At this backdrop of increasing financial integration, the impact of financial liberalisation on the overall development of the sector, and how the global policies and events influence the Indian financial sector, are analysed in the book. The emergence of new regulations in the capital markets to instill more discipline and transparency, have also changed the way corporates take financing decisions. For example, regulatory authorities are continuously reviewing norms pertaining to issues like promoters’ shareholding owing to risks arising from excessive leverage and the linkages between financial intermediaries. Corporate governance, environmental aspects are some important additions in corporate financing norms in the recent past. The book incorporates a discussion on this, too. Apart from these, the book also has incorporated several aspects on an emerging concept called financial inclusion, its measurement and constraints to achieve the same. And finally, at the backdrop of the disruption created by the COVID-19 pandemic, the impact on the Indian capital market is also discussed. Contributions are based on rigorous empirical research and incorporate the perspectives of renowned academicians in the field of finance and financial economics across the country. Apart from the research community, this book will also be helpful for financial analysts working in the financial sector to have some idea about the current issues, the direction of research on those issues and different perspectives on them.
The Economics Of Microfinance
DOWNLOAD
Author : Beatriz Armendáriz
language : en
Publisher: MIT Press
Release Date : 2007
The Economics Of Microfinance written by Beatriz Armendáriz and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
An assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions.
The Economics Of Microfinance Second Edition
DOWNLOAD
Author : Beatriz Armendariz
language : en
Publisher: MIT Press
Release Date : 2010-04-23
The Economics Of Microfinance Second Edition written by Beatriz Armendariz and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-23 with Business & Economics categories.
An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence. The microfinance revolution has allowed more than 150 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh. This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives. This second edition has been updated throughout to reflect the latest data. A new chapter on commercialization describes the rapid growth in investment in microfinance institutions and the tensions inherent in the efforts to meet both social and financial objectives. The chapters on credit contracts, savings and insurance, and gender have been expanded substantially; a new section in the chapter on impact measurement describes the growing importance of randomized controlled trials; and the chapter on managing microfinance offers a new perspective on governance issues in transforming institutions. Appendixes and problem sets cover technical material.
Financial Performance Of Microfinance Institutions In Ghana And Uganda
DOWNLOAD
Author : Johannes Flosbach
language : en
Publisher: LIT Verlag Münster
Release Date : 2015
Financial Performance Of Microfinance Institutions In Ghana And Uganda written by Johannes Flosbach and has been published by LIT Verlag Münster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
This book examines the determinants of financial performance of microfinance institutions (MFIs) in Ghana and Uganda, against the backdrop of the public and academic debate over the financial and social implications of microfinance. In the absence of a conceptual model, the study chooses an inductive research approach with the objective of defining and developing a conceptual model with the capacity to explain, quantify, and compare the performance of MFIs. The research is particularly relevant in the African context where microloan interest rates regularly exceed 100% per annum and where the microfinance industry is lacking behind its global peers in regard to financial and social performance. (Series: Contributions to the Africa Research / Beitrage zur Afrikaforschung - Vol. 59) [Subject: Economics, Finance, African Studies]
The Role Of Islamic Microfinance In Poverty Alleviation And Environmental Awareness In Pasuruan East Java Indonesia
DOWNLOAD
Author : Effendi, Jaenal
language : en
Publisher: Universitätsverlag Göttingen
Release Date : 2013-06-11
The Role Of Islamic Microfinance In Poverty Alleviation And Environmental Awareness In Pasuruan East Java Indonesia written by Effendi, Jaenal and has been published by Universitätsverlag Göttingen this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-11 with Science categories.
Microfinance is known to be one of the best tools to combat poverty, and believed to have a positive effect on environmental awareness. This book analyses the impacts of Islamic microfinance on both poverty alleviation and environmental awareness and the variation in its effects between different geographical conditions, as well as how it compares in these respects with conventional microfinance. Islamic microfinance institutions (MFIs) had a more significant impact on poverty alleviation than conventional MFIs, but a low effect on awareness of specific environmental issues. Islamic MFIs were also successful in combating poverty regardless of regional differences, but similarly ineffective in contributing to environmental awareness.