Gersovitz, Mark. (1988) "Saving and Development", pp. 382--424 in H. Chenery and T.N. Srinivasan (eds.), Handbook of Development Economics, Amsterdam: Elsevier, ISBN 0--444--70337--3. Home/Search Document Not in Database Summary Related Articles Check |
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Financial Sector Development And Savings Mobilisation: An.. - Mavrotas (1999) (Correct)
....of the financial sector and the resulting mobilisation of savings would provide a number of benefits to DFIs. They would be able to provide a basic set of financial services at a single institution, which he saw as having three main effects: 2 See, for example, the works of Deaton (1989) and Gersovitz (1988). 6 . it would minimise the saver borrower transaction costs . it would improve creditworthiness decision making . it would reduce the risk and cost of lending and improve recovery rates. Traditionally, it is in developing countries, where financial sector intervention has been prevalent, ....
....the interface between saving and development are based around the life cycle or permanent income theory of consumption, and it will be useful to briefly review these hypotheses, and then discuss the relevance of financial sector development to these models. 3 The model described below draws on Gersovitz (1988), but is typical of the style used by most authors. Consider an individual who lives for T periods, receives income payments of y i and consumes c i. He neither receives nor leaves bequests. The only constraint on the individuals consumption is that the present value of lifetime consumption (C) ....
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Gersovitz, M (1988), "Saving and Development", in Handbook of Development Economics, edited by H. Chenery and T. Srinivasan.
Strengthening Social Security Systems in Rural Areas of.. - Jütting (1999) (Correct)
.... involve seasonal variations (Rosenzweig 1988, Drze and Sen 1989) Capital markets may prevent an individual from severe disruption in one period by allowing the consumption stream to be independent from the income stream, subject to the overall constraint that loans must be repaid (Deaton 1990, Gersovitz 1988). A basic problem of capital markets is that the lender may not be prepared to take the risk of default or may find it too costly to ensure that the interest and principal are being repaid. Hoff and Stiglitz (1993) have shown that when lenders have imperfect information concerning the ability and ....
Gersovitz, M. (1988): Saving and Development. In: Chenery, H.; Sirinivasan, T. (eds.): Handbooks of Development Economics 1, North-Holland, Amsterdam.
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Gersovitz, Mark. (1988) "Saving and Development", pp. 382--424 in H. Chenery and T.N. Srinivasan (eds.), Handbook of Development Economics, Amsterdam: Elsevier, ISBN 0--444--70337--3.
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