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I mercati del microcredito: tendenze internazionali e caso italiano. Una rassegna

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  • Veronica POLIN

    () (Dipartimento di Diritto dell'Economia, Universita' degli Studi di Verona)

Abstract

This paper focuses on microcredit, a financial tool adopted in many countries to fight financial exclusion and poverty. By employing microcredit strategies, small loans are granted to low income households who would ‘naturally’ be excluded from the formal financial system. Thus, microcredit enables low income households to create and expand microenterprises or to address temporary liquidity budget problems. We review the main causes of credit exclusion of low income households and discuss the role of innovative micro-lending strategies that aim to limit the ‘imperfections’ of the credit markets. Then, we analyze size, targets and the various ways this instrument has been adopted in industrialized nations versus developing nations. Finally the paper provides an up-to-date overview of the microcredit sector in Europe, focusing particularly on the development of microcredit in Italy as a case-study.

Suggested Citation

  • Veronica POLIN, 2009. "I mercati del microcredito: tendenze internazionali e caso italiano. Una rassegna," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 117(1), pages 135-168.
  • Handle: RePEc:vep:journl:y:2009:v:117:i:1:p:135-168
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    File URL: http://riss.vitaepensiero.it/scheda-articolo_digital/veronica-polin/i-mercati-del-microcredito-tendenze-internazionali-e-caso-italiano-una-rassegna-000518_2009_0001_0134-150935.html
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    References listed on IDEAS

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    1. Acemoglu, Daron, 2001. "Good Jobs versus Bad Jobs," Journal of Labor Economics, University of Chicago Press, vol. 19(1), pages 1-21, January.
    2. Mortensen, Dale T. & Pissarides, Christopher A., 1999. "New developments in models of search in the labor market," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 39, pages 2567-2627 Elsevier.
    3. Merz, Monika, 1995. "Search in the labor market and the real business cycle," Journal of Monetary Economics, Elsevier, pages 269-300.
    4. Pierre Cahuc & André Zylberberg, 2004. "Labor Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 026203316x, January.
    5. Andolfatto, David, 1996. "Business Cycles and Labor-Market Search," American Economic Review, American Economic Association, pages 112-132.
    6. Arthur J. Hosios, 1990. "On The Efficiency of Matching and Related Models of Search and Unemployment," Review of Economic Studies, Oxford University Press, vol. 57(2), pages 279-298.
    7. Peter A. Diamond, 1982. "Wage Determination and Efficiency in Search Equilibrium," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 217-227.
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    More about this item

    Keywords

    Financial Exclusion; Microcredit; Poverty;

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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