This paper documents the interactions among borrowers that consist a group assuming joint liability. It describes the participants of group credit, their reasons for joining the group and the conditions why members are willing to assume other people's debt.

This paper documents the interactions among borrowers that consist a group assuming joint liability. It describes the participants of group credit, their reasons for joining the group and the conditions why members are willing to assume other people’s debt.

Utilizing qualitative analysis of three measures of operating efficiency, this study attempts to relate the Central Bank’s policies with the behavior of the money market. Results indicate that prior to 1981, the financial market is relatively stable but less efficient. Afterwards, the...

Recognition of a continuous improvement in the formal financial system is necessary for economic growth. Over the years, the government has been infusing cheap funds into the rural sector. Unfortunately, it overlooks a number of serious issues regarding bank’s transaction costs. This article...

How much support is the Philippine government giving to its export sector by means of its financing schemes? Are the small and indirect exporters given preference or assistance? How supportive is the entire export financing system in the country to the attainment of an export-driven development...

Recognition of a continuous improvement in the formal financial system is necessary for economic growth. Over the years, the government has been infusing cheap funds into the rural sector. Unfortunately, it overlooks a number of serious issues regarding bank’s transaction costs. This article...

In its attempt to examine the transaction cost of banks, this study develops a method of estimating transaction cost for each bank activity. It also explains the differences and the composition cost among commercial private development and rural banks. Results in this paper is hoped to improve...