Rotating Savings And Credit Associations
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A Bibliographical Survey Of Rotating Savings And Credit Associations
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Author : Alaine Low
language : en
Publisher: Oxfam
Release Date : 1995
A Bibliographical Survey Of Rotating Savings And Credit Associations written by Alaine Low and has been published by Oxfam this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
In many countries in Africa and Asia, rotating savings and credit associations underpin much of the economy. This survey covers the wide range of literature on these associations. Published with Centre for Cross-Cultural Research on Women.
A Bibliographical Survey Of Rotating Savings And Credit Associations
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Author : Alaine Low
language : en
Publisher:
Release Date : 1995
A Bibliographical Survey Of Rotating Savings And Credit Associations written by Alaine Low and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Essays On Rotating Savings And Credit Associations
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Author : Stefan Klonner
language : en
Publisher:
Release Date : 2001
Essays On Rotating Savings And Credit Associations written by Stefan Klonner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Rotating Savings And Credit Associations
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Author : Heiko Schrader
language : en
Publisher:
Release Date : 1991
Rotating Savings And Credit Associations written by Heiko Schrader and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Credit unions categories.
Essays On Rotating Savings And Credit Associations
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Author :
language : en
Publisher:
Release Date : 2001
Essays On Rotating Savings And Credit Associations written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Recent theoretical research on rotating savings and credit associations (Roscas) suggests that identical individuals prefer a random to a bidding Rosca when participants save for a lumpy durable or an investment good. Here, in contrast, under the assumption that Rosca funds are used for consumption, that participants are risk averse, and that their incomes are stochastic, independent and privately observed, it is shown that a random Rosca is not advantageous, while a bidding Rosca is so if temporal risk aversion is less pronounced than static risk aversion. The payoff scheme of a bidding Rosca helps to mitigate the problem of information asymmetries. In bidding Roscas, the intertemporal pattern of observed bids depends on impatience and risk aversion in a non-trivial way. In an empirical study, data from 23 rotating savings and credit associations (Roscas) in an agricultural south-Indian village are used for an analysis of Rosca auctions. We develop a simple SIPV Rosca-auction model. We show that, in contrast to standard SIPV English auctions, bidders overbid relative to their maximum willingness to pay in an oral ascending bid Rosca auction and that less aggressive bidding is socially beneficial. Estimating the structural model by maximum likelihood, we find that (i) aggregate features immanent in agricultural production are reflected by Rosca auction outcomes, (ii) bidding in Rosca groups of experienced organisers is less aggressive than in groups of newcomer-organisers, implying that Rosca organisers play a role in how socially beneficial a Rosca is, (iii) bidding in Rosca groups which have run more than one Rosca before tends to be less aggressive, indicating social gains from enduring relationships, (iv) when Rosca funds are used for productive purposes, bidders usually keep their information private, (v) when a bidder has an?emergency? and this information is revealed, bidding is less aggressive indicating co-operation among bidders based on reciprocity.
Mutuality In Credit
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Author : United Nations Development Programme (Bangladesh)
language : en
Publisher:
Release Date : 2011
Mutuality In Credit written by United Nations Development Programme (Bangladesh) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Rotating credit associations categories.
Money Go Rounds
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Author : Shirley Ardener
language : en
Publisher: Berg Publishers
Release Date : 1995-05
Money Go Rounds written by Shirley Ardener and has been published by Berg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05 with Business & Economics categories.
This unique volume of case studies, by an international group of experts, examines ROSCAs on a worldwide basis. It will be of interest to anyone concerned with anthropology, economics, women's issues and the welfare of less developed countries.
The Economics Of Rotating Savings And Credit Associations
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Author : Timothy Besley
language : en
Publisher:
Release Date : 1990
The Economics Of Rotating Savings And Credit Associations written by Timothy Besley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Credit categories.
This paper examines the role and performance of an institution for allocating savings which is observed world wide - rotating savings and credit associations. We develop a general equilibrium model of an economy with an indivisible durable consumption good and compare and contrast these informal institutions with credit markets and autarkic saving in terms of the properties of their allocations and the expected utility which they obtain. We also characterize Pareto efficient and expected utility maximizing allocations for our economy, which serve as useful benchmarks for the analysis. Among our results is the striking finding that rotating savings and credit associations which allocate funds randomly may sometimes yield a higher level of expected utility to prospective participants than would a perfect credit market.
Rotating Savings And Credit Associations When Participants Are Risk Averse
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Author : Stefan Klonner
language : en
Publisher:
Release Date : 2003
Rotating Savings And Credit Associations When Participants Are Risk Averse written by Stefan Klonner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
We model rotating savings and credit associations (Roscas) among risk-averse participants who experience privately observed income shocks. A random Rosca is not advantageous, whereas a bidding Rosca is if temporal risk aversion is less pronounced than static risk aversion. The payoff scheme of a bidding Rosca facilitates risk sharing in the presence of information asymmetries. The risk-sharing performance of a simple arrangement where a group of homogenous individuals runs several bidding Roscas simultaneously is as good as that of a linear risk-sharing contract, and is more enforceable because it carries a fixed rather than a variable contribution.
Rotating Savings And Credit Associations
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Author : Joshy Joseph
language : en
Publisher:
Release Date : 2013
Rotating Savings And Credit Associations written by Joshy Joseph 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.
ROSCA is a type of money exchange system which provides financial assistance to low income people by combining credit and savings and thereby improving the standard of living of the people. All ROSCAs are closely linked to informal financial sector during their inception and later most of the ROSCAs are brought forward to formal financial System. The present study focus on 'Panampayattu, (a type of ROSCA prevailing in northern Malabar area in the Indian state of Kerala). The study shows that panampayattu has a huge scope to be the potential product in the product mix of financial institutions like banks. The study also lays out the comparative advantages of panampayattu with respect to other popular financial products in meeting the financial requirements of the low income people.