Essai sur le système financier: une analyse du marché du crédit en Afrique Subsaharienne
[Essay on the financial system: an analysis of credit market in Sub-Saharan Africa]
AbstractThis paper aims to characterize the behavior of economic agents on Sub-Saharan Africa’s credit market in order to understand the financial exclusion of poor households. Through its theoretical approach, it gives a description of the functioning of the credit market. By considering the social interactions (social signal) as a starting point and the main determinant of the economic fact, it leads to three main results: (i) the credit supply is inversely proportional to interest rate, (ii) the need for social mobility (the pursuit of a better-being) is the main determinant of the credit demand, (iii) the financial market in Sub-Saharan Africa has three formal segments and one informal segment. Moreover, it demonstrates that in the credit market of Sub-Saharan Africa, the imbalance is the rule because only one of the four segment is in balance. Furthermore this paper notes the lack of social mobility for the poor when there is no external intervention.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49011.
Date of creation: 2013
Date of revision:
credit market; poverty; social mobility; welfare;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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