2008 XXXII 4

Evolution of rural finance in China: institutional “lock in” or gradualism?

Xiangping Jia and Pei Guo
Savings and Development Vol. 32(2008), No. 4, pp. 279-299

To mobilize savings and credit with earmarked priority to implement development strategies, financial depression and policy-driven financial institutions dominated the rural financial system in China. The ongoing reforms encourage the entry of [...]

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The role of bank lending in the monetary transmission process of a developing economy: evidence from Malaysia

Salina H. Kassim and M. Shabri Abd. Majid
Savings and Development Vol. 32(2008), No. 4, pp. 301-319

This study attempts to provide empirical evidence on the importance of bank loan in channelling monetary policy effects to the real economy. Based on the Malaysian data, the study focuses on a sample period spanning from January 1989 to December [...]

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Are poverty reduction programmes less effective in troubled states? An empirical household level investigation in rural India

Arindam Banik and Pradip K. Bhaumik
Savings and Development Vol. 32(2008), No. 4, pp. 321-352

A large amount of money is spent by developing countries in designing and implementing poverty alleviation and reduction programmes. Many of these programmes have well defined objectives and sub-objectives – but the achievements are quite often [...]

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Financial inclusion, vulnerability and mental models: from physical access to effective use of financial services in a low-income area of Mexico City

Max M. Nino-Zarazua and James Copestake
Savings and Development Vol. 32(2008), No. 4, pp. 353-379

Quantitative analysis indicates that variation in use of regulated and unregulated financial services in a low-income area of Mexico City can only partially be attributed to differences in socio-economic variables including gender, employment, [...]

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The transaction costs of lenders and borrowers in a Brazilian microcredit organization

Cristina Fachini, Denise Benetti Ramirez and Roberto Arruda De Souza Lima
Savings and Development Vol. 32(2008), No. 4, pp. 381-407

One of the main obstacles for the expansion of microcredit availability is the high transaction costs of credit operations for both lenders and borrowers. In order to decrease transaction costs; institutions adopt the solidarity groups lending [...]

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