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Credit Markets for the Poor

by | HC | Good
ThriftBooks
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US $5.43
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Condition:
Good
A copy that has been read, but remains in clean condition. All pages are intact, and the cover is ... Read moreAbout condition
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Item specifics

Condition
Good
A book that has been read, but is in good condition. Minimal damage to the book cover eg. scuff marks, but no holes or tears. If this is a hard cover, the dust jacket may be missing. Binding has minimal wear. The majority of pages are undamaged with some creasing or tearing, and pencil underlining of text, but this is minimal. No highlighting of text, no writing in the margins, and no missing pages. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
Seller notes
“A copy that has been read, but remains in clean condition. All pages are intact, and the cover is ...
Binding
Hardcover
Weight
1.01 lbs
Product Group
Book
IsTextBook
Yes
ISBN
9780871541321
Subject Area
Business & Economics, Social Science
Publication Name
Credit Markets for the Poor
Item Length
9 in
Publisher
Russell SAGE Foundation
Subject
Banks & Banking, Finance / General, Poverty & Homelessness, General, Personal Finance / General
Publication Year
2005
Type
Textbook
Format
Hardcover
Language
English
Item Height
1.1 in
Author
Howard Rosenthal
Item Width
6 in
Item Weight
0 Oz
Number of Pages
314 Pages

About this product

Product Information

Access to credit is an important means of providing people with the opportunity to make a better life for themselves. Loans are essential for most people who want to purchase a home, start a business, pay for college, or weather a spell of unemployment. Yet many people in poor and minority communities--regardless of their creditworthiness--find credit hard to come by, making the climb out of poverty extremely difficult. How dire are the lending markets in these communities and what can be done to improve access to credit for disadvantaged groups? In Credit Markets for the Poor, editors Patrick Bolton and Howard Rosenthal and an expert team of economists, political scientists, and legal and business scholars tackle these questions with shrewd analysis and a wealth of empirical data. Credit Markets for the Poor opens by examining what credit options are available to poor households. Economist John Caskey profiles how weak credit options force many working families into a disastrous cycle of short-term, high interest loans in order to sustain themselves between paychecks. L ic Sadoulet explores the reasons that community lending organizations, which have been so successful in developing countries, have failed in more advanced economies. He argues the obstacles that have inhibited community lending groups in industrialized countries--such as a lack of institutional credibility and the high cost of establishing lending networks--can be overcome if banks facilitate the community lending process and establish a system of repayment insurance. Credit Markets for the Poor also examines how legal institutions affect the ability of the poor to borrow. Daniela Fabbri and Mario Padula argue that well-meaning provisions making it more difficult for lenders to collect on defaulted loans are actually doing a disservice to the poor in credit markets. They find that in areas with lax legal enforcement of debt agreements, credit markets for the poor are underdeveloped because lenders are unwilling to take risks on issuing credit or will do so only at exorbitant interest rates. Timothy Bates looks at programs that facilitate small-business development and finds that they have done little to reduce poverty. He argues that subsidized business creation programs may lure inexperienced households into entrepreneurship in areas where little profitable investment is possible, hence setting them up for failure. With clarity and insightful analysis, Credit Markets for the Poor demonstrates how weak credit markets are impeding the social and economic mobility of the needy. By detailing the many disadvantages that impoverished people face when seeking to borrow, this important new volume highlights a significant national problem and offers solutions for the future.

Product Identifiers

Publisher
Russell SAGE Foundation
ISBN-10
0871541327
ISBN-13
9780871541321
eBay Product ID (ePID)
44112705

Product Key Features

Author
Howard Rosenthal
Publication Name
Credit Markets for the Poor
Format
Hardcover
Language
English
Subject
Banks & Banking, Finance / General, Poverty & Homelessness, General, Personal Finance / General
Publication Year
2005
Type
Textbook
Subject Area
Business & Economics, Social Science
Number of Pages
314 Pages

Dimensions

Item Length
9 in
Item Height
1.1 in
Item Width
6 in
Item Weight
0 Oz

Additional Product Features

LCCN
2004-061486
Lc Classification Number
Hg3751.C7293 2005
Copyright Date
2005
Target Audience
Scholarly & Professional
Dewey Decimal
332.7/086/942
Dewey Edition
22
Illustrated
Yes

Item description from the seller

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TB Thrift Books
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