The nature of credit markets in developing countries : a framework for policy analysis /

By:

Virmani, Arvind

Contributor(s):

World Bank

Material type: Text

TextSeries: world Bank Staff Working Papers; no. 524Publication details: Washington, D.C. : World Bank, c1982.Description: 195 pISBN:

0821300199 (pbk.)

Subject(s):

DDC classification:

332.7'09172'4 VIR

LOC classification:

HG3726 .V525 1982

Online resources:

Click here to access online

Summary: The central purpose of the paper is to analyze various forms of government intervention in the loan market in terms of their effect on efficiency. This provides the essential basis for evaluating and judging these policies. It also shows where earlier policy prescriptions are correct, incomplete or wrong. One of the implications of the paper is that the credit market differs fundamentally from the market for ordinary goods and services. Consequently conventional analysis of the loan markets, based on theory applicable to these goods, can be misleading even when similar prescriptions are reached. This is because the similarity may be restricted to special circumstances. Another important highlight of the paper is the vital role of collateral in the loan market. These two issues are addressed in the introductory discussion on the special nature of credit markets, which forms an important prerequisite for understanding the subsequent section and the rest of the paper.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	332.7'09172'4 VIR (Browse shelf(Opens below))	c.1	Available		31008100230727

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Previous	332.7'01'5195 CRE Credit, intermediation, and the macroeconomy :	332.7'01'5195 CRE Credit, intermediation, and the macroeconomy :	332.7'01'5195 CRE Credit, intermediation, and the macroeconomy :	332.7'09172'4 VIR The nature of credit markets in developing countries :	332.7'0954 CRE Credit planning and policy /	332.7'09549 POR Liquidity and lending :	332.7'095952 CRE Credit and security in Singapore :	Next

Includes bibliographical references: p. 154-157.

The central purpose of the paper is to analyze various forms of government intervention in the loan market in terms of their effect on efficiency. This provides the essential basis for evaluating and judging these policies. It also shows where earlier policy prescriptions are correct, incomplete or wrong. One of the implications of the paper is that the credit market differs fundamentally from the market for ordinary goods and services. Consequently conventional analysis of the loan markets, based on theory applicable to these goods, can be misleading even when similar prescriptions are reached. This is because the similarity may be restricted to special circumstances. Another important highlight of the paper is the vital role of collateral in the loan market. These two issues are addressed in the introductory discussion on the special nature of credit markets, which forms an important prerequisite for understanding the subsequent section and the rest of the paper.

oo 09/04/2019

Loans

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