Promises kept: enforcement and the role
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N. S. Chiteji
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Article
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2002
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John Wiley and Sons
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English
⚖ 152 KB
## Abstract Rotating savings and credit associations (roscas) are a popular form of informal finance in developing countries. This paper examines the rosca's ability to enforce its terms of membership and the implications that this has for their existence in an economy. A connection between enforce