Financial systems and development: what role for the formal and informal financial sectors?
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Paris
Development Centre of the Organisation for Economic Co-operation and Development
1991
|
| Schriftenreihe: | Development Centre studies
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Franz. Parallelausg. u.d.T.: Systèmes financiers et développement |
| Beschreibung: | 253 S. graph. Darst. |
| ISBN: | 9264134727 |
Internformat
MARC
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| 100 | 1 | |a Germidēs, Dēmētrēs A. |d 1936-2006 |e Verfasser |0 (DE-588)126398682 |4 aut | |
| 245 | 1 | 0 | |a Financial systems and development |b what role for the formal and informal financial sectors? |c by Dimitri Germidis, Denis Kessler and Rachel Meghir |
| 264 | 1 | |a Paris |b Development Centre of the Organisation for Economic Co-operation and Development |c 1991 | |
| 300 | |a 253 S. |b graph. Darst. | ||
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| 337 | |b n |2 rdamedia | ||
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| 490 | 0 | |a Development Centre studies | |
| 500 | |a Franz. Parallelausg. u.d.T.: Systèmes financiers et développement | ||
| 650 | 7 | |a Financiële instellingen |2 gtt | |
| 650 | 7 | |a Informele economie |2 gtt | |
| 650 | 7 | |a Finanzwirtschaft |2 fes | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Financial services industry |z Developing countries | |
| 650 | 4 | |a Informal sector (Economics) |z Developing countries | |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzwirtschaft |0 (DE-588)4017214-4 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Países subdesarrollados - Política económica | |
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| 700 | 1 | |a Kessler, Denis |e Verfasser |4 aut | |
| 700 | 1 | |a Meghir, Rachel |e Verfasser |4 aut | |
| 775 | 0 | 8 | |i Parallele Sprachausgabe |n französisch |a Germidis, Dimitrios A. |t Systèmes financiers etdéveloppement |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-003431618 | ||
Datensatz im Suchindex
| _version_ | 1804119696024272896 |
|---|---|
| adam_text | TABLE OF CONTENTS
Acknowledgements 9
Preface 11
Executive Summary 13
Chapter I
FINANCIAL DUALISM IN DEVELOPING COUNTRIES:
MAIN FEATURES AND ISSUES
I. Financial Dualism: Formal versus Informal Financial Sectors 23
A. The Alternative Financial Systems in Developing Countries 24
B. The Extent of the Informal Financial Sector 39
C. Salient Features of the Formal and Informal Financial Sectors 46
II. Causes and Effects of Financial Dualism 50
A. The Informal Financial Sector is a Response to the Shortcomings and Excessive
Regulation of the Formal Financial Sector 50
B. The Formal Sector is Hampered by the Structural Dualism of Developing Econ¬
omies More Than It Contributes to It 53
C. The Effects of Financial Dualism 55
Concluding Remarks 57
Notes and References 59
Chapter 2
STRUCTURE OF THE FINANCIAL SYSTEMS IN DEVELOPING COUNTRIES
I. The General Lay Out of the Financial Circuits 61
A. The Configuration of the Financial Systems 63
1. Formal Sector Financial Institutions and Markets 63
2. Semi Formal Bodies: Savings and Credit Co operatives and Credit Unions 81
3. The Various Informal Sector Mechanisms and Operators 85
B. The Completeness of the Financial Systems 108
II. The Respective Shares in Financial Circuits 113
A. Credit in the Developing Countries 113
B. The Importance of Capital Markets 119
C. The Shares in Deposits and Lending 121
5
D. Lending and Deposit Rates 126
E. The Role of Social Security and Insurance 134
Concluding Remarks 138
Notes and References 140
Chapter 3
OPERATIONS AND PRACTICES OF THE FORMAL
AND INFORMAL FINANCIAL SECTORS
I. Localisation of Activity 145
A. The Urban Bias of the Formal Financial Sector 148
B. The Localism of the Informal Financial Sector 151
II. Access to Financial Services 154
A. Characteristics of Clientele 154
B. Size of the Sums Involved 156
C. Use of Funds 158
D. Collateral Requirements 164
E. Lending and Deposit Procedures 165
III. Cost of Financial Intermediation and Interest Rates 170
A. Operating Costs 170
B. Debt Discipline 175
C. Differential Formation of Interest Rates 179
IV. Market Interlinkages in the Informal Sector . . . . 188
A. Land Lease and Land Mortgage Loans 189
B. Labour Related Loans 189
C. Product Related Loans 189
D. Final Remarks 191
Conclusion 192
Notes and References 193
Chapter 4
REDUCING THE GAP BETWEEN THE FORMAL
AND INFORMAL FINANCIAL SECTORS
I. Costs and Benefits of Financial Dualism 200
A. Assessing the Potential Effects of Financial Dualism 201
1. On the Mobilisation of Savings 201
2. On the Allocation of Resources 202
3. On the Efficient Use of External Resources 203
4. On the Effectiveness of Macroeconomic and Macrofinancial Policies 204
5. On Equity 205
B. Determining the Costs and Benefits Involved 206
II. Country Policy Attitudes 207
III. Strategies and Recommendations 214
A. Integration or Linkage? 214
B. Measures to Progressively Reduce the Gap 215
C. Policy Recommendations 217
1. Pursuing Appropriate Monetary and Financial Policies 217
2. Improving the Formal Financial Sector 222
3. Organising the Informal Sector 232
4. Promoting Linkages Between the Two Sectors 234
Concluding Remarks 238
Conclusion 239
Notes and References 240
BIBLIOGRAPHY 243
|
| any_adam_object | 1 |
| author | Germidēs, Dēmētrēs A. 1936-2006 Kessler, Denis Meghir, Rachel |
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| dewey-ones | 332 - Financial economics |
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| id | DE-604.BV005481322 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T16:30:17Z |
| institution | BVB |
| isbn | 9264134727 |
| language | English |
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| physical | 253 S. graph. Darst. |
| publishDate | 1991 |
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| spelling | Germidēs, Dēmētrēs A. 1936-2006 Verfasser (DE-588)126398682 aut Financial systems and development what role for the formal and informal financial sectors? by Dimitri Germidis, Denis Kessler and Rachel Meghir Paris Development Centre of the Organisation for Economic Co-operation and Development 1991 253 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Development Centre studies Franz. Parallelausg. u.d.T.: Systèmes financiers et développement Financiële instellingen gtt Informele economie gtt Finanzwirtschaft fes Entwicklungsländer Financial services industry Developing countries Informal sector (Economics) Developing countries Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Países subdesarrollados - Política económica Entwicklungsländer fes Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 g Finanzwirtschaft (DE-588)4017214-4 s DE-604 Kreditmarkt (DE-588)4073788-3 s Kessler, Denis Verfasser aut Meghir, Rachel Verfasser aut Parallele Sprachausgabe französisch Germidis, Dimitrios A. Systèmes financiers etdéveloppement HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003431618&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Germidēs, Dēmētrēs A. 1936-2006 Kessler, Denis Meghir, Rachel Financial systems and development what role for the formal and informal financial sectors? Financiële instellingen gtt Informele economie gtt Finanzwirtschaft fes Entwicklungsländer Financial services industry Developing countries Informal sector (Economics) Developing countries Kreditmarkt (DE-588)4073788-3 gnd Finanzwirtschaft (DE-588)4017214-4 gnd |
| subject_GND | (DE-588)4073788-3 (DE-588)4017214-4 (DE-588)4014954-7 |
| title | Financial systems and development what role for the formal and informal financial sectors? |
| title_auth | Financial systems and development what role for the formal and informal financial sectors? |
| title_exact_search | Financial systems and development what role for the formal and informal financial sectors? |
| title_full | Financial systems and development what role for the formal and informal financial sectors? by Dimitri Germidis, Denis Kessler and Rachel Meghir |
| title_fullStr | Financial systems and development what role for the formal and informal financial sectors? by Dimitri Germidis, Denis Kessler and Rachel Meghir |
| title_full_unstemmed | Financial systems and development what role for the formal and informal financial sectors? by Dimitri Germidis, Denis Kessler and Rachel Meghir |
| title_short | Financial systems and development |
| title_sort | financial systems and development what role for the formal and informal financial sectors |
| title_sub | what role for the formal and informal financial sectors? |
| topic | Financiële instellingen gtt Informele economie gtt Finanzwirtschaft fes Entwicklungsländer Financial services industry Developing countries Informal sector (Economics) Developing countries Kreditmarkt (DE-588)4073788-3 gnd Finanzwirtschaft (DE-588)4017214-4 gnd |
| topic_facet | Financiële instellingen Informele economie Finanzwirtschaft Entwicklungsländer Financial services industry Developing countries Informal sector (Economics) Developing countries Kreditmarkt Países subdesarrollados - Política económica |
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