About this product

Product Identifiers

PublisherMIT Press

ISBN-100262012162

ISBN-139780262012164

eBay Product ID (ePID)103066458

Product Key Features

Number of Pages352 Pages

LanguageEnglish

Publication NameEconomics of Microfinance

Publication Year2005

SubjectFinance / General, Economics / Microeconomics

TypeTextbook

AuthorBeatriz Armendáriz De Aghion, Jonathan Morduch

Subject AreaBusiness & Economics

FormatHardcover

Dimensions

Item Height1 in

Item Weight21.7 Oz

Item Length9.1 in

Item Width6.2 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2004-060952

TitleLeadingThe

Reviews"an excellent analysis of the evolution of microfinance and of the economic theory behind it." - Huw Dixon, Times Higher Education Supplement

Dewey Edition22

IllustratedYes

Dewey Decimal332

SynopsisAn assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions., The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance seeks to bridge the gap in the existing literature on microfinance between academic economists and practitioners. Both authors have pursued the subject not only in academia but in the field; Beatriz Armendariz de Aghion founded a microfinance bank in Chiapas, Mexico, and Jonathan Morduch has done fieldwork in Bangladesh, China, and Indonesia. The authors move beyond the usual theoretical focus in the microfinance literature and draw on new developments in theories of contracts and incentives. They challenge conventional assumptions about how poor households save and build assets and how institutions can overcome market failures. The book provides an overview of microfinance by addressing a range of issues, including lessons from informal markets, savings and insurance, the role of women, the place of subsidies, impact measurement, and management incentives. and Latin America and introducing ideas about asymmetric information, principal-agent theory, and household decision making in the context of microfinance. The Economics of Microfinance can be used by students in economics, public policy, and development studies. Mathematical notation is used to clarify some arguments, but the main points can be grasped without the math. Each chapter ends with analytically challenging exercises for advanced economics students.

LC Classification NumberHG178.3.A76 2005