000			01906cam a2200289 a 4500
008			820521s1982 dcua b i000 0 eng
020			_a0821300199 (pbk.)
040			_aDLC _cDLC
050	0	0	_aHG3726 _b.V525 1982
082	0	0	_a332.7'09172'4 _bVIR
100	1		_aVirmani, Arvind,
245	1	4	_aThe nature of credit markets in developing countries : _ba framework for policy analysis /
260			_aWashington, D.C. : _bWorld Bank, _cc1982.
300			_a195 p. :
440			_aworld Bank Staff Working Papers; no. 524
504			_aIncludes bibliographical references: p. 154-157.
520			_aThe 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.
590			_aoo 09/04/2019
591			_aLoans
650		0	_aCredit
650		0	_aEconomic conditions
651			_aDeveloping countries
710			_aWorld Bank
856			_uhttp://documents.worldbank.org/curated/en/158441468766761544/pdf/multi0page.pdf
942			_2ddc _cBOOK
949			_a332.7'09172'4 VIR
999			_c15620 _d15620