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The global institutionalization of microcredit

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  • Peter Aagaard

Abstract

This article explains how microcredit as a policy idea has been institutionalized at the transnational level, and what role strategic actors play in the institutional change and governance of microcredit. Special attention is given to three dominant actors, the Grameen Bank, the World Bank, and SKS Microfinance. To explain the emergence of microcredit as a transnational policy idea this article explores the relations between theories of institutional change and Rosenau's concept of spheres of authority.

Suggested Citation

  • Peter Aagaard, 2011. "The global institutionalization of microcredit," Regulation & Governance, John Wiley & Sons, vol. 5(4), pages 465-479, December.
  • Handle: RePEc:wly:reggov:v:5:y:2011:i:4:p:465-479
    DOI: 10.1111/j.1748-5991.2011.01111.x
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    1. Tony Bovaird, 2008. "Emergent Strategic Management and Planning Mechanisms in Complex Adaptive Systems," Public Management Review, Taylor & Francis Journals, vol. 10(3), pages 319-340, May.
    2. Brigit Helms, 2006. "Access for All : Building Inclusive Financial Systems," World Bank Publications - Books, The World Bank Group, number 6973, December.
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