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The role of banking regulation in an economy under credit risk and liquidity shock

✍ Scribed by da Silva, Marcos Soares; Divino, Jose Angelo


Book ID
120585341
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
525 KB
Volume
26
Category
Article
ISSN
1062-9408

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## 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