Greater financial intermediation has a positive impact on economic development of a country and banks can play a stabilizing role in an era of rising income inequality. Despite numerous models such as priority sector lending, SHG model, Correspondent banking, RRBs, UCBs, etc. the agenda of...

A series of lecture on the theory of microfinance. Using contract theoretic models, the lecture summaries the current research in the microfinance. The lecture cover consumption credit, adverse selection, moral hazard and contract enforcement

An overview -- Introduction / Milford Bateman, Stephanie Blankenburg and Richard Kozul-Wright -- Development prospects in an era of financialization / Richard Kozul-Wright -- Microcredit and development / Milford Bateman -- Country case studies -- Looking through the glass, darkly : microcredit...