The economics of rotating savings and credit associations
This paper examines the role and performance of an institution for allocating savings which is observed world wide - rotating savings and credit associations. We develop a general equilibrium model of an economy with an indivisible durable consumption good and compare and contrast these informal ins...
| Main Authors: | , , |
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| Format: | Working Paper |
| Published: |
MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/50147 |