The paper explains the market segmentation that occurs in the Philippine informal credit markets through the matching of borrows and lenders by their occupational specialization which internalizes transaction costs and facilitates economic activity. The regression results support a predictable...

Research on structural adjustment, liberalization and privatization in sub-Saharan Africa has not focused on the consequences of these policy initiatives on the financial sector. This paper documents and discusses the consequences of these reforms on the financial sector in The Gambia. Marked...

This paper examines the implications of the institutional designs employed by two types of NGOs for the functions performed by indigenous self-help village groups called kafos in The Gambia. NGOs were found to be only a partial substitute for the financial and insurance functions traditionally...