|
EconStor >
The University of Nottingham >
Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65430
|
| | |
| Title: | | Why use ROSCAs when you can use the banks? Theory and evidence from Ethiopia  |
| Authors: | | Kedir, Abbi Disney, Richard Dasgupta, Indraneel |
| Issue Date: | | 2011 |
| Series/Report no.: | | CREDIT Research Paper 11/05 |
| Abstract: | | Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We examine usage of both formal and informal institutions across the household income gradient, and provide a theoretical model consistent with these empirical facts. |
| Subjects: | | Household saving Credit institutions ROSCAs Ethiopia |
| JEL: | | O16 O17 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CREDIT Research Papers, The University of Nottingham
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/65430
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|