Lending And Bidding In The Bidding Rotating Credit Associations
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Lending And Bidding In The Bidding Rotating Credit Associations
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Author : Ping-Sing Kuo
language : en
Publisher:
Release Date : 1996
Lending And Bidding In The Bidding Rotating Credit Associations written by Ping-Sing Kuo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economic policy categories.
The Economics Of Rotating Credit Associations
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Author : Ping-Sing Kuo
language : en
Publisher:
Release Date : 1992
The Economics Of Rotating Credit Associations written by Ping-Sing Kuo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Rotating credit associations categories.
Defaults Bidding And Participation In The Rotating Credit Association
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Author : Ping-Sing Kuo
language : en
Publisher:
Release Date : 1996
Defaults Bidding And Participation In The Rotating Credit Association written by Ping-Sing Kuo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economics research categories.
On Designs Of Rotating Savings And Credit Associations
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Author : Ning Neil Yu
language : en
Publisher:
Release Date : 2013
On Designs Of Rotating Savings And Credit Associations written by Ning Neil Yu 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.
Auction mechanisms are widely recognized to improve allocation efficiency in various economic environments, but the literature on rotating savings and credit associations (ROSCAs) has yet to identify circumstances in which bidding ROSCAs achieve first-best allocations of funds. This paper discusses how well different ROSCA designs serve to promote welfare for small business entrepreneurs by accelerating investments. While random and discount bidding ROSCAs improve upon autarky, premium bidding ROSCAs and some particular fixed ROSCAs can further establish efficiency despite incomplete information about investment returns. Actually, premium bidding ROSCAs are indiscriminately superior to random ROSCAs, i.e., an agent never prefers a random ROSCA, no matter what strategies other members will adopt. This belief-robust ordering of mechanisms is illuminating in broader contexts such as partnership dissolving. As economic development differentiate economic opportunities, we expect more ROSCAs to embrace auction designs, bridging borrowers and lenders with endogenous interest rates.
Back Alley Banking
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Author : Kellee S. Tsai
language : en
Publisher: Cornell University Press
Release Date : 2018-05-31
Back Alley Banking written by Kellee S. Tsai and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-31 with Political Science categories.
Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks continue to serve state-owned enterprises, yet most private financing remains illegal. How have Chinese entrepreneurs managed to fund their operations? In defiance of the national banking laws, small business owners have created a dizzying variety of informal financing mechanisms, including rotating credit associations and private banks disguised as other types of organizations. Back-Alley Banking includes lively biographical sketches of individual entrepreneurs; telling quotations from official documents, policy statements, and newspaper accounts; and interviews with a wide variety of women and men who give vivid narratives of their daily struggles, accomplishments, and hopes for future prosperity. Kellee S. Tsai's book draws upon her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well-defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainty of formal political and economic institutions to enhance local prosperity.
The New Palgrave Dictionary Of Money And Finance
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Author : John Eatwell
language : en
Publisher: Springer
Release Date : 1992-10-14
The New Palgrave Dictionary Of Money And Finance written by John Eatwell and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-10-14 with Business & Economics categories.
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.
The Sage Encyclopedia Of Economics And Society
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Author : Frederick F. Wherry
language : en
Publisher: SAGE Publications
Release Date : 2015-09-01
The Sage Encyclopedia Of Economics And Society written by Frederick F. Wherry and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-01 with Social Science categories.
Economics is the nexus and engine that runs society, affecting societal well-being, raising standards of living when economies prosper or lowering citizens through class structures when economies perform poorly. Our society only has to witness the booms and busts of the past decade to see how economics profoundly affects the cores of societies around the world. From a household budget to international trade, economics ranges from the micro- to the macro-level. It relates to a breadth of social science disciplines that help describe the content of the proposed encyclopedia, which will explicitly approach economics through varied disciplinary lenses. Although there are encyclopedias of covering economics (especially classic economic theory and history), the SAGE Encyclopedia of Economics and Society emphasizes the contemporary world, contemporary issues, and society. Features: 4 volumes with approximately 800 signed articles ranging from 1,000 to 5,000 words each are presented in a choice of print or electronic editions Organized A-to-Z with a thematic Reader's Guide in the front matter groups related entries Articles conclude with References & Future Readings to guide students to the next step on their research journeys Cross-references between and among articles combine with a thorough Index and the Reader's Guide to enhance search-and-browse in the electronic version Pedagogical elements include a Chronology of Economics and Society, Resource Guide, and Glossary This academic, multi-author reference work will serve as a general, non-technical resource for students and researchers within social science programs who seek to better understand economics through a contemporary lens.
Informal Finance In China
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Author : Jianjun Li
language : en
Publisher:
Release Date : 2009
Informal Finance In China written by Jianjun Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Informal finance consists of nonbank financing activities, whether conducted through family and friends, local money houses, or other types of financial associations. It has provided much-needed financing to small and medium enterprises (SMEs) in particular, in the face of a tightly constrained and overburdened formal banking system. Unable to obtain a bank loan, firms have relied upon individuals and informal organizations outside of the banking system to obtain financing for their ventures or working capital (operating funds). Presently there is a scarcity of information on informal finance in China and it is expected to have a significant impact upon GDP and money supply. This book, with contributions from leading scholars, describes the evolution, characteristics, and variation of informal finance in China from American and Chinese perspectives. Literature by Jiang Shuxia, Jiang Xuzhao, and Li Jianjun has heretofore been available only in Chinese, while work by Kellee Tsai, Jianwen Liao, Harold Welsch, David Pistrui, and Sara Hsu has been available in English. For the first time, they come together to discuss informal financing and its many aspects. Most of the essays are based upon original survey research conducted locally, as this type of data is not normally collected by the government. The papers pioneer the description and analysis of the nuances of informal finance from several perspectives; the authors look at the social, cultural, political, and economic causes of informal finance, its many variations, and its economic, personal, and political ramifications.
The Routledge Handbook Of Fintech
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Author : K. Thomas Liaw
language : en
Publisher: Routledge
Release Date : 2021-06-14
The Routledge Handbook Of Fintech written by K. Thomas Liaw and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-14 with Business & Economics categories.
Provides a comprehensive and cutting-edge guide to FinTech. The chapters are written by an international selection of authors from Europe, North America, Asia, and Australia. They are the leading experts in their relevant subject and come from both academia and industry. Each chapter provides a balanced overview of the current state of the art in the field, identifies potential issues, and discusses future trends. The book is analytical and engaging, and the authors reflect on where the research agenda is likely to advance in the future.
Microfinance And China S Regional Development
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Author : Wen Xiao
language : en
Publisher: Springer Nature
Release Date : 2023-12-13
Microfinance And China S Regional Development written by Wen Xiao and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-13 with Business & Economics categories.
This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance’s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives—the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan—to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China’s economic model, and banking sector analysts.