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Group lending and financial intermediation: an example

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Author Info
Edward S. Prescott

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Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly.

Volume (Year): (1997)
Issue (Month): Fall ()
Pages: 23-48
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Handle: RePEc:fip:fedreq:y:1997:i:fall:p:23-48

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Related research
Keywords: Bank loans ; Financial institutions;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Banerjee, Abhijit V & Besley, Timothy & Guinnane, Timothy W, 1994. "Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test," The Quarterly Journal of Economics, MIT Press, vol. 109(2), pages 491-515, May. [Downloadable!] (restricted)
    Other versions:
  2. Philip Bond & Robert Townsend, 1996. "Formal and informal financing in a Chicago neighborhood," Economic Perspectives, Federal Reserve Bank of Chicago, issue Jul, pages 3-27. [Downloadable!]
  3. Itoh Hideshi, 1993. "Coalitions, Incentives, and Risk Sharing," Journal of Economic Theory, Elsevier, vol. 60(2), pages 410-427, August. [Downloadable!] (restricted)
  4. Robert M. Townsend, 1994. "Community development banking and Financial Institutions Act: a critique with recommendations," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 538-546.
  5. Boyd, John H. & Smith, Bruce D., 1992. "Intermediation and the equilibrium allocation of investment capital : Implications for economic development," Journal of Monetary Economics, Elsevier, vol. 30(3), pages 409-432, December. [Downloadable!] (restricted)
  6. Edward Simpson Prescott & Robert M. Townsend, 1996. "Theory of the firm: applied mechanism design," Working Paper 96-02, Federal Reserve Bank of Richmond. [Downloadable!]
  7. Aidan Hollis & Arthur Sweetman, 1997. "Microcredit in Pre-Famine Ireland," Economic History 9704002, EconWPA. [Downloadable!]
    Other versions:
  8. Krasa, Stefan & Villamil, Anne P, 1992. "A Theory of Optimal Bank Size," Oxford Economic Papers, Oxford University Press, vol. 44(4), pages 725-49, October. [Downloadable!] (restricted)
  9. Zeldes, Stephen P, 1989. "Consumption and Liquidity Constraints: An Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 305-46, April. [Downloadable!] (restricted)
    Other versions:
  10. Ramakrishnan, Ram T S & Thakor, Anjan V, 1991. "Cooperation versus Competition in Agency," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(2), pages 248-83, Fall.
  11. Besley, Timothy, 1995. "Savings, credit and insurance," Handbook of Development Economics, in: Hollis Chenery† & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 36, pages 2123-2207 Elsevier. [Downloadable!] (restricted)
    Other versions:
  12. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," World Bank Economic Review, Oxford University Press, vol. 4(3), pages 351-66, September.
  13. Lewis M. Segal, 1995. "Flexible employment; composition and trends," Working Paper Series, Macroeconomic Issues 95-19, Federal Reserve Bank of Chicago.
  14. Evans, David S & Jovanovic, Boyan, 1989. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 808-27, August. [Downloadable!] (restricted)
  15. Aruna Srinivasan, 1994. "Intervention in credit markets and development lending," Economic Review, Federal Reserve Bank of Atlanta, issue May, pages 13-27.
  16. Douglas W. Diamond, 1996. "Financial intermediation as delegated monitoring: a simple example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 51-66. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Woerz, Julia, 1999. "Group Lending and Its Implications in Credit Markets for Poor People," Transition Economics Series 12, Institute for Advanced Studies. [Downloadable!]
  2. Isik, Haci B. & Sohngen, Brent, 2003. "Performance-Based Voluntary Group Contracts For Nonpoint Source Pollution," 2003 Annual meeting, July 27-30, Montreal, Canada 22064, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Becchetti Leonardo & Pisani Fabio, 2006. "Microfinance with divisible investment projects," Departmental Working Papers 242, Tor Vergata University, CEIS. [Downloadable!]
  4. Becchetti Leonardo & Pisani Fabio, 2007. "Promoting access to credit for small uncollateralized producers: moral hazard, subsidies and local externalities under different group lending market structures," Departmental Working Papers 249, Tor Vergata University, CEIS. [Downloadable!]
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