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Rotating savings and credit associations: the choice between random and bidding allocation of funds

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  • Kovsted, Jens
  • Lyk-Jensen, Peter

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  • Kovsted, Jens & Lyk-Jensen, Peter, 1999. "Rotating savings and credit associations: the choice between random and bidding allocation of funds," Journal of Development Economics, Elsevier, vol. 60(1), pages 143-172, October.
    • Handle: RePEc:eee:deveco:v:60:y:1999:i:1:p:143-172
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    1. Jain, Pankaj S., 1996. "Managing credit for the rural poor: Lessons from the Grameen Bank," World Development, Elsevier, vol. 24(1), pages 79-89, January.
    2. Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
    3. Chaves, Rodrigo A. & Gonzalez-Vega, Claudio, 1996. "The design of successful rural financial intermediaries: Evidence from Indonesia," World Development, Elsevier, vol. 24(1), pages 65-78, January.
    4. Braverman, Avishay & Guasch, J. Luis, 1986. "Rural credit markets and institutions in developing countries: Lessons for policy analysis from practice and modern theory," World Development, Elsevier, vol. 14(10-11), pages 1253-1267.
    5. van den Brink, Rogier & Chavas, Jean-Paul, 1997. "The Microeconomics of an Indigenous African Institution: The Rotating Savings and Credit Association," Economic Development and Cultural Change, University of Chicago Press, vol. 45(4), pages 745-772, July.
    6. Wolfstetter, Elmar, 1996. "Auctions: An Introduction," Journal of Economic Surveys, Wiley Blackwell, vol. 10(4), pages 367-420, December.
    7. 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.
    8. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," The World Bank Economic Review, World Bank, vol. 4(3), pages 351-366, September.
    9. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
    10. Baydas, Mayada M. & Bahloul, Zakaria & Adams, Dale W., 1995. "Informal finance in Egypt: "Banks" within banks," World Development, Elsevier, vol. 23(4), pages 651-661, April.
    11. Calomiris, Charles W. & Rajaraman, Indira, 1998. "The role of ROSCAs: lumpy durables or event insurance?," Journal of Development Economics, Elsevier, vol. 56(1), pages 207-216, June.
    12. Ghate, P. B., 1992. "Interaction between the formal and informal financial sectors: The Asian experience," World Development, Elsevier, vol. 20(6), pages 859-872, June.
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    Cited by:

    1. Siwan Anderson & Jean-Marie Baland, 2002. "The Economics of Roscas and Intrahousehold Resource Allocation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(3), pages 963-995.
    2. Stark, Oded & Jakubek, Marcin, 2013. "Migration networks as a response to financial constraints: Onset, and endogenous dynamics," Journal of Development Economics, Elsevier, vol. 101(C), pages 1-7.
    3. Uzma Afzal & Giovanna d’Adda & Marcel Fafchamps & Simon Quinn & Farah Said, 2018. "Two Sides of the Same Rupee? Comparing Demand for Microcredit and Microsaving in a Framed Field Experiment in Rural Pakistan," Economic Journal, Royal Economic Society, vol. 128(614), pages 2161-2190, September.
    4. Czura, Kristina & Klonner, Stefan, 2023. "Financial market responses to a natural disaster: Evidence from credit networks and the Indian Ocean tsunami," Journal of Development Economics, Elsevier, vol. 160(C).
    5. Ashok Rai & Stefan Klonner, 2007. "Adverse Selection in Credit Markets: Evidence from a Policy Experiment," Department of Economics Working Papers 2007-01, Department of Economics, Williams College.
    6. Rediet Abebe & Adam Eck & Christian Ikeokwu & Samuel Taggart, 2022. "An Algorithmic Introduction to Savings Circles," Papers 2203.12486, arXiv.org.
    7. Stefan Klonner, 2000. "Rotating Savings and Credit Associations as Insurance," Econometric Society World Congress 2000 Contributed Papers 1589, Econometric Society.
    8. Klonner, Stefan, 2003. "Buying Fields and Marrying Daughters: An Empirical Analysis of Rosca Auctions in a South Indian Village," Center Discussion Papers 28449, Yale University, Economic Growth Center.
    9. Stefan Klonner, 2008. "Private Information and Altruism in Bidding Roscas," Economic Journal, Royal Economic Society, vol. 118(528), pages 775-800, April.
    10. Anderson, Siwan & Baland, Jean-Marie & Moene, Karl Ove, 2009. "Enforcement in informal saving groups," Journal of Development Economics, Elsevier, vol. 90(1), pages 14-23, September.
    11. Tomomi Tanaka & Colin F Camerer & Quang Nguyen, 2006. "Poverty, politics, and preferences: Field Experiments and survey data from Vietnam," Levine's Bibliography 122247000000001099, UCLA Department of Economics.
    12. Hanming Fang & Rongzhu Ke & Li-An Zhou, 2015. "Rosca Meets Formal Credit Market," NBER Working Papers 21683, National Bureau of Economic Research, Inc.
    13. Sedai, Ashish Kumar & Vasudevan, Ramaa & Alves Pena, Anita, 2021. "Friends and benefits? Endogenous rotating savings and credit associations as alternative for women’s empowerment in India," World Development, Elsevier, vol. 145(C).
    14. Stefan Klonner, 2003. "Empirical Analysis of Rosca Auctions in a South Indian Village," Working Papers 854, Economic Growth Center, Yale University.
    15. N. S. Chiteji, 2002. "Promises kept: enforcement and the role of rotating savings and credit associations in an economy," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(4), pages 393-411.
    16. Kristina Czura & Stefan Klonner, 2018. "Financial Market Responses to a Natural Disaster: Evidence from Local Credit Networks and the Indian Ocean Tsunami," CESifo Working Paper Series 7354, CESifo.

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