Imperfect Substitutes: The Local Political Economy of Informal Finance and Microfinance in Rural China and India
By Kellee S. Tsai. 2004
261 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Political Science and International Relations, Urban Studies
View Paper: https://www.semanticscholar.org/paper/798626c5d33f2d29882bdcf48ed42cc8e81385e8
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Meijun Qian
- Franklin Allen
- Rong Kong
- Calum Turvey
- Elena Carletti
- Douglas Gale
- Thorsten Beck
- Markus K. Brunnermeier
In Political Science and International Relations
In Urban Studies
Citations in the corpus
- Understanding informal financing (2019, background): “We borrow one example from Tsai (2004) about an owner of a factory with more than 30 employees, in Zhejiang province.”
- Informal lending amongst friends and relatives: Can microcredit compete in rural China? (2010, background): “The New Era of Microfinance in China Prior to 2002 NGO’s wishing to establish an MFI had to partner with a sponsoring government agency but three actions changed the nature of microlending.”
- Finance and Growth for Microenterprises: Evidence from Rural China (2015, unknown): “However, Tsai (2004) shows that the intended clients of microfinance continue to use informal finance in rural China, whose persistence may be due to the limited supply of formal credit and the institutional weaknesses of many microfinance programs.”
- Factors determining subsistence farmers' access to agricultural credit in flood-prone areas of Pakistan (2018, background): “…anyone who is prepared to pay the interest and meet the collateral requirements is likely to receive credit from all lenders (Basu, 1987; Tsai, 2004), interlinkages (Bell & Srinivasan, 1991; Braverman & Guasch, 1984; Mitra, 1983), and heterogeneous borrowers (Basu, 1987; Braverman &…”
- Formal Versus Informal Finance : Evidence from China (2008, unknown): “While low-interest loans are common only among close friends and family (Tsai 2004), Allen, Qian, and Qian (2008) note that private moneylenders and money houses charge very high interest rates, with the associated loan contracts resembling junk bonds.”