Kapoor, Mudit; Schoar, Antoinette; Rao, Preethi; … - In: Review of Market Integration 3 (2011) 3, pp. 287-333
Chit Funds are indigenous financial institutions in India that combines credit and savings in a single scheme. In a chit fund scheme, a group of individuals come together for a predetermined time period and contribute to a common pool at regular intervals. In order to understand the intricacies...