The Theory of Development Finance
Ingo Tschach
Broschiertes Buch

The Theory of Development Finance

How Microcredit Programmes Alleviate Credit and Labour Market Segmentation

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The book explores the problem of credit market segmentation, a widespread phenomenon in developing countries, within a theoretical framework based on graphical analysis. It investigates the causes and effects of this problem, and the impact of possible solutions. Credit market segmentation is an outgrowth of information-related problems and high transaction costs in lending. It leads to segmentation in labour markets and also results in inefficient factor allocation and highly skewed income distribution patterns. A theoretical impact analysis shows that microcredit programmes can eliminate the...