The Economics Of Microfinance

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Item specifics

Condition
Very Good: A book that has been read and does not look new, but is in excellent condition. No ...
Release Year
2005
Book Title
The Economics Of Microfinance
ISBN
9780262012164
Category

About this product

Product Identifiers

Publisher
MIT Press
ISBN-10
0262012162
ISBN-13
9780262012164
eBay Product ID (ePID)
103066458

Product Key Features

Number of Pages
352 Pages
Language
English
Publication Name
Economics of Microfinance
Publication Year
2005
Subject
Finance / General, Economics / Microeconomics
Type
Textbook
Author
Beatriz Armendáriz De Aghion, Jonathan Morduch
Subject Area
Business & Economics
Format
Hardcover

Dimensions

Item Height
1 in
Item Weight
21.7 Oz
Item Length
9.1 in
Item Width
6.2 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
2004-060952
TitleLeading
The
Reviews
"an excellent analysis of the evolution of microfinance and of the economic theory behind it." - Huw Dixon, Times Higher Education Supplement
Dewey Edition
22
Illustrated
Yes
Dewey Decimal
332
Synopsis
An 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 Number
HG178.3.A76 2005

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