Small Scale Credit Institutions: Historical Perspectives on Diversity in Financial Intermediation
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Oxford Handbook of Banking and Financial History
Youssef Cassis, Richard Grossman, and Catherine Schenk
This chapter begins by examining the reasons for the growing historiographical and theoretical interest in small-scale credit institutions, and in understanding variations in the institutional arrangements of intermediaries more broadly. It then briefly surveys the literature on a selection of these institutions—ROSCAs, savings banks, credit cooperatives, and building associations—to identify patterns of organization and development over time and place. Finally, it examines a number of theoretical perspectives that have been used to account for variation in in the organizational size, form, and practices that such small credit institutions embody. Specifically it considers transaction cost theories, location-based theories, socio-political theories, and cultural/narrative theories, and assesses their contributions and limitations in understanding the sources of variation and change in institutional arrangements.
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Oxford University Press
ROSCAs, savings banks, building and loan associations, credit cooperatives and institutions
Wadhwani, R. D.
Small Scale Credit Institutions: Historical Perspectives on Diversity in Financial Intermediation.
In Youssef Cassis, Richard Grossman, and Catherine Schenk (Eds.), Oxford Handbook of Banking and Financial History (191–216). New York: Oxford University Press