Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving … mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using … household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We …

Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving … mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using … household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We …

transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …