Download or read book A Bibliographical Survey of Rotating Savings and Credit Associations written by Alaine Low and published by Oxfam. This book was released on 1995 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Money Go Rounds written by Shirley Ardener and published by Berg Publishers. This book was released on 1995-05 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Rotating Savings and Credit Associations written by Heiko Schrader and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Bibliographical Survey of Rotating Savings and Credit Associations written by Alaine Low and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Rotating Savings and Credit Associations written by Stefan Klonner and published by . This book was released on 2001 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Impossible Living in a Transborder World written by Carlos G. Vélez-Ibáñez and published by University of Arizona Press. This book was released on 2010-12-15 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: They are known as cundinas or tandas in Mexico, and for many people these local savings-and-loan operations play an indispensable role in the struggle to succeed in today’s transborder economy. With this extensively researched book, Carlos Vélez-Ibáñez updates and expands upon his major 1983 study of rotating savings and credit associations (ROSCAs), incorporating new data that reflect the explosion of Mexican-origin populations in the United States. Much more than a study of one economic phenomenon though, the book examines the way in which these practices are part of greater transnational economies and how these populations engage in—and suffer through—the twenty-first century global economy. Central to the ROSCA is the cultural concept of mutual trust, or confianza. This is the cultural glue that holds the reciprocal relationship together. As Vélez-Ibáñez explains, confianza “shapes the expectations for relationships within broad networks of interpersonal links, in which intimacies, favors, goods, services, emotion, power, or information are exchanged.” In a border region where migration, class movement, economic changes, and institutional inaccessibility produce a great deal of uncertainty, Mexican-origin populations rely on confianza and ROSCAs to maintain a sense of security in daily life. How do transborder people adapt these common practices to meet the demands of a global economy? That is precisely what Vélez-Ibáñez investigates.

Download or read book Structure and Default in Mexican American Rotating Credit Associations written by Stephen E. Tulley and published by . This book was released on 1995 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Rotating Savings and Credit Associations written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Back Alley Banking written by Kellee S. Tsai and published by Cornell University Press. This book was released on 2018-05-31 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Korean Rotating Credit Associations in Los Angeles written by Ivan Light and published by . This book was released on 2016 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authors surveyed Korean business owners in Los Angeles and compiled evidence of the extent and importance of their use of rotating savings and credit associations.

Download or read book Facilitating rotating savings and credit associations through the public sector written by Hugh Gardner Yasumoto and published by . This book was released on 1995 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bonds of Mutual Trust written by Carlos G. Vélez-Ibañez and published by . This book was released on 1983 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mutuality in Credit written by United Nations Development Programme (Bangladesh) and published by . This book was released on 2011 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Rotating Savings and Credit Associations written by Timothy Besley and published by . This book was released on 1990 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Community Economies in the Global South written by Caroline Shenaz Hossein and published by Oxford University Press. This book was released on 2022-02-24 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: People across the globe engage in social and solidarity economics to help themselves, their community, and society on their own terms. Community Economies in the Global South examines how people who conscientiously organize rotating savings and credit associations (ROSCAs) bring positive changes to their own lives as well as others. ROSCAs are a long-established and well documented practice, especially those organized by women of colour. Members make regular deposits to a fund as a savings that is then given in whole or in part to each member in turn based on group economics. This book spotlights women in Latin America, the Caribbean, Africa, and Asia who organize and use these associations, composed of ordinary people belonging to similar class origins who decide jointly on the rules to suit the interests of their members. The case studies show how they vary greatly across countries in the Global South, demonstrating that ROSCAs are living proof that diverse community economies do exist and have been around for a very long time. The contributors recount stories of the self-help, activism, and perseverance of racialized people in order to push for ethical, community-focused business, and to hold onto local knowledge, grounded theory, and lived experience, reducing the need to rely on external funding as people find ways to finance sustainable, debt-free business ventures. The first collection on this topic edited by two women of colour with roots in the Global South, this volume is a rallying call to other scholar-activists to study and report on how racialized people come together, pool goods, and diversify business in the Global South.

Download or read book The Economics of Rotating Credit Associations written by Ping-Sing Kuo and published by . This book was released on 1992 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On Designs of Rotating Savings and Credit Associations written by Ning Neil Yu and published by . This book was released on 2013 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.