Bibliography on Rotating and Savings Associations (ROSCAs)

• Adams D W and Canavesi ML, Rotating Savings and Credit Associations in Bolivia, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Adams, D. and M.L. Canavesi (1989), “Rotating Savings and Credit Associations in Bolivia�E Savings and Development, Vol. 13, No. 3, pp. 219-235.

• Aforka, C.I. 1990. “The Structure of the Informal Credit Market in Nigeria: Lessons from Akwa Town of Anambra State.�ESavings and Development, Supplementary Issue: 5-13.

• Akerlof, G. (1991) “Proscrastination and obedience,�EAmerican Economic Review Papers and Proceedings 81(0), 000.

• Anderson, S. and J.M. Baland (2000) “The economics of Roscas and Intra-household Resource Allocation,�EWorking paper 2000-83, Center, Tilburg University.

• Ardener, S. 1964. “The Comparative Study of Rotating Credit Associations.�EJournal of the Royal Anthropological Institute 94(2): 201-229.

• Ardener, Shirley, and Sandra Burman (eds), “Money Go-Rounds: The Importance of Rotating Savings and Credit Associations for Women�E Berg Publications Limited, Oxford, 1995.

• Aredo, D. .”Study of the Socio-economic Importance of the Iddir as an Institution to Immigrants to Addis Ababa�E Savings and Development 1:17, Italy, 1993.

• Arrau, P. and K. Schmidt-Hebbel (1994), “Pension Systems and Reforms: Country Experiences and Research Issues�E Revista de Analisis Economico, vol. 9, pp.3-20.

• Aryeetey, Ernest and Fritz Gockel, “Mobilizing Domestic Resources for Capital Formation in Ghana�E African Economic Research Consortium, Research Paper 3, Nairobi, August 1991.

• Aryeetey, Ernest, Hemamala Hettige, Machiko Nissanke, and William Steel, “Financial Market Fragmentation and Reforms in Ghana, Malawi, Nigeria and Tanzania�E The World Bank Economic Review, Vol 11, No.2, Washington, 1997.

• Bagachwa, Mboya S.D, “Financial Integration and Development in Sub-Saharan Africa: A Study of Informal Finance in Tanzania�E Overseas Development Institute, January 1995

• Bailliu, J. and H. Reisen (1997), “Do Funded Pensions Contribute to Higher Aggregate Saving? A cross-country analysis�E Technical Paper No.30, OECD Development Centre, Paris.

• Barton Clifton, 1977, Credit and Commercial Control: Strategies and Methods of Chinese Businessmen in South Vietnam, Unpublished Ph. D. dissertation, Department of Anthropology, Ithaca, New York: Cornell University

• Barton, C.G. 1977. “Rotating Credit Associations and Informal Finance: Some Examples from South Vietnam.�EConference on Rural Finance Research, San Diego, organized by the A.D.C. and Ohio State University.

• Bascom, W.R. 1952. “The Esusu: A Credit Institution of the Yoruba.�EJournal of the Royal Anthropological Institute 1: 63-69.

• Battaglini, M., R. Benabou, and J. Tirole (2001) “Self-Control in Peer Group,�EMimeo, Princeton University.

• Bayoumi, T. (1993), “Financial Saving and Household Saving�E Economic Journal, 103, November.

• Besley T, Coate S, and Loury G, The Economic of Rotating Savings and Credit Associations ( Revised ), Princeton University, 1992

• Besley, T, Coate S, and Loury G, 1994, Rotating Savings and Credit Associations, Credit Market and Efficiency, Review of Economic Studies, 1994, 61, 701-719

• Besley, T., S. Coate, and G. Loury (1993) “The Economic of Rotating Savings and Credit Associations,�EAmerican Economic Review 83(4), 792�E10.

• Bosher J F, Book review, Jennings R and Trout A, The tontine: From the Reign of Louis XIV to the French Revolution Era, Irwin, Homewood, Ill. 1982, American Historical Review, Vol 88, Issue 5, 1983

• Boue, Ch M, Epargne informelle et developpement economique in Afrique, Monde en Developpement, Vol.16 (1988), #62-63, p. 35-64

• Bouman and Moll, Informal Finance in Indonesia, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Bouman F J and Hearteveld K, The Djanggi, Traditional form of Saving and Credit in West Cameron, Sociologia Ruralis, 1976, 16, 1-2, 103-119

• Bouman, F.J.A. (1995), “Rotating and Accumulating Savings and Credit Associations: A Development Perspective�E World Development, Vol.23, No. 3 pp.371-384.

• Bouman, F.J.A. 1977. “Indigenous Savings and Credit Associations in the Third World: A Message?�ESavings and Development 1: 181-220.

• Bouman, F.J.A. 1994. "ROSCA and ASCRA: Beyond the Financial Landscape," in: F.J.A. Bouman and O. Hospes (eds.), Financial Landscapes Reconstructed: The Fine Art of Mapping Development. Boulder: Westview Press, pp. 375-394.

• Brundin, Ingela and Mikael Sandstrom, “Savings and Credit in the Informal and Cooperative Financial Sectors in Kenya�E Department of International Economics and Geography, Stockholm School of Economics, minor Field Study # 31, 1992

• Callier P, Informal Finance, The Rotating Saving and Credit Association - An Interpretation, KYKLOS, 1990, Vol 43, Fasc. 2, 273-276

• Carew E, Money Revolution, Allen & Unwin New Zealand Ltd, 1987

• Carroll, C. and D. Weil (1994), “Saving and Growth: A Re-interpretation�E Carnegie-Rochester Conference Series on Public Policy, vol.40.

• Carroll, C., B. Rhee, and C. Rhee (1994), “Are There Cultural Effects on Saving? Some Cross-Sectional Evidence�E Quarterly-Journal-of-Economics 109(3), pp. 685-99.

• Cox DS and Carnachan JD, Credit Control, Financial Publication Ltd, Wellington 1948

• Cuevas, C. (1988), “Savings and Loans Co-operatives in Rural Areas of Developing Countries: Recent Performance and Potential�E Savings and Development, Vol. 13, No. 1, pp. 5-18.

• Deaton, A. (1989), “Saving in Developing Countries: Theory and Review�EProceedings of the World Bank Annual Conference on Development Economics, World Bank, Washington DC.

• Dievoet, G. van, and Verboven, D. 1991. Tussen Kulturele Traditie en Verandering: De Bamilik�ETontine. Rijksuniversiteit Gent.

• Douglas H Graham, Informal Rural Finance in Niger: Lessons for Building Formal Institutions , in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Dupuy, C. 1991. “Village Associations in Senegal: Economic Functions and Financing Methods.�EEDI Working Paper, World Bank.

• Dupuy, C. and Servet, J.M. 1987. “Pratiques Informelles d’Epargne et de Prêt; Examples Sénégalais.�EEconomie et Humanisme, No. 294.

• Einzig P, Roll-over Credits, The System of Adaptable Interest Rates, Macmillan, London, 1973

• Ezeabasili, A.N. 1960, “The Ibo in Town and Tribe.�EAfrican World, April: 8-12. Geertz, C. 1962. “The Rotating Credit Association: A “Middle Rung�Ein Development.�EEconomic Development and Cultural Change 10(3): 241-263.

• Fernando NA, Informal Finance in Papua New Guinea: An Overview in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Geetz C, The rotating credit association: ‘a Middle Rung�Ein development, Economic Development and Cultural Exchange, X3, Vol I, 1971, p 47

• Green, M.N. 1964. Igbo Village Affairs. London: Frank Cass and Co. (first edition: 1947).

• Gugerty, M. K. (2000) “You Can’t Save Alone: Testing Theories of Rotating Savings and Credit Associations,�EMimeo, Havard University.

• Holt, Sharon, 1991. "Village banking: a cross-country study of a community-based lending methodology," GEMINI Working Paper No. 25. New York: PACT Publications.

• Hospes O, Evolving Form of Informal Finance in an Indonesian Town, 1992, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Hospes, O. 1992. “People That Count: The Forgotten Faces of Rotating Savings and Credit Associations in Indonesia.�ESavings and Development 4: 371-400.

• Izumida, Y. 1992. “The Kou in Japan: A Precursor of Modern Finance,�Ein D.W. Adams and D.A. Fitchett, eds., Informal Finance in Low-Income Countries. Boulder, Colorado: Westview Press, pp. 165-180.

• James, W. (1979) Kwanim Pa, The Making of the Uduk People. Clarendon Press, Oxford, United Kingdom.

• Jellicoe, M.R. 1968. “Indigenous Savings Associations in Eastern Africa and the Mobilization of Domestic Savings.�EU.N. Economic Commission for Africa E/CN 14 HOU/21.

• Jennings R and Trout A, The Irish tontine (1777 ) and Fifty Genevans, Journal of European Economic History ,1983, p 611-618

• Johnson, Susan,and Ben Rogaly, “Microfinance and Poverty Reduction�E Oxfam, Oxford, UK, 1997.

• Katzin, M.F. 1959. “Partners: An Informal Savings Institution in Jamaica.�ESocial and Economic Studies VIII: 436-440.

• Kuo Ping-Sing, Loans, Bidding Strategies and Equilibrium in the Discount-bid Rotating Credit Association, Academia Economic Papers, 21:2 ( September 1993 ), 261 - 303

• Kurtz, D.V. 1973. “The Rotating Credit Association: An Adaptation to Poverty.�EHuman Organization 32(1): 49-58.

• Laffite, A. 1981. “Les Tontines.�EFamille et Développement 25: 43-53.

• Levin, M.D. 1981. “Labor, Savings and Credit in a Nigerian Village.�ESymposium on Traditional Cooperation. I.U.A.E.S. Intercongress, Amsterdam, mimeo.

• Lewis, B.C., 1976. "The limitations of group action among entrepreneurs: the market women of Abidjan, Ivory Coast" in N. Hafkin and E. Bay, editors, Women In Africa. Stanford, Cal.: Stanford University Press.

• Little, K. 1957. “The Role of Voluntary Associations in West African Urbanization.�EAmerican Anthropologist LIX: 579-595.

• Lopez-Murphy, R. and F. Navajas (1998), “Domestic Savings, Public Savings and Expenditures on Consumer Durable Goods in Argentina�E Journal of Development Economics, 57(1), pp. 97-116.

• Lwoga, Christopher, “The Use and Impact of Savings Among the Poor in Tanzania�Emimeo for MicroSave-Africa, July, 1999.

• Macpherson C, The Kalapu, A Samoan Migrant approach to Insurance, Sociology Department, University of Auckland ( 1994 )

• Magill, John, 1991. "Credit unions: a formal sector alternative for financing microenterprise development." GEMINI Working Paper No. 22. New York: PACT Publications.

• Masson, P., T. Bayoumi and H. Samiei (1995), “Saving Behaviour in Industrial and Developing Countries�E IMF Working Paper No.51.

• Nayar C.P.S, Strengths of Informal Financial Institutions: Examples from India, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Nwabughuogu, A.I. 1984. “The Isusu: An Institution for Capital Formation Among the Ngwa Igbo: Its Origin and Development to 1951.�EAfrica 54(4): 46-58.

• O'Donoghue, T. and M. Rabin (1999) “Doing it Now or Later,�EAER 89(1), 103�E24.

• Okorie, F.A. and Miller, L.F. 1976. “Esusu Clubs and Their Performance in Mobilizing Rural Savings and Extending Credit.�ETechnical Report AETR 76-1, University of Ibadan.

• Osuntogun, A. and R. Adeyemo “Mobilisation of Rural Savings and Credit Extension By Pre-Cooperative Organisations in South Western Nigeria.�ESavings and Development 5(4), Italy, 1981.

• Ottenberg, S. 1968. “The Development of Credit Associations in the Changing Economy of the Afikbo Igbo.�EAfrica 38(3): 237-252.

• Parkin, D. J. (1972) Palms, Wine, and Witnesses. Chandler Publishing, London, United Kingdom.

• Platteau, J.P. (2000) Institutions, Social Norms and Economics Development. Harwood Academic Publisher, U.S.A.

• PRIDE, “Experience in Microfinance Initiatives�E presentation, Arusha, 1997.

• Robinson, Marguerite, 1992. "The role of savings in local financial markets: the Indonesian experience." GEMINI Working Paper No. 33. New York: PACT Publications.

• Rowlands, M. (1993). “Accumulation and the Cultural Politics of Identity in the Grassfields,�Ein P. Geschiere and P. Konings, eds., Pathways to Accumulation in Cameroon. Paris: Karthala Press, Leiden: Afrika Studie Centrum.

• Rutherford, Stuart, “Savings and the Poor: The Methods, Use and Impact of Savings by the Poor of East Africa�E mimeo prepared for MicroSave-Africa, 1999.

• Rutherford, Stuart, “The Poor and Their Money �EAn Essay About Financial Services for Poor People�E Institute of Development Policy and Management, Manchester, 1999a.

• Saderatne N, Informal Finance in Sri Lanka, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Schmidt-Hebbel, K., S. Webb and G Corsetti (1992), “Household Saving in Developing Countries: First Cross-Country Evidence�E World Bank Economic Review, vol. 6, no. 3.

• Schreider G., and C. Cuevas (1992), “Informal Financial Groups in Cameroon�E in D. Adams and D. Fitchett (eds.) Informal finance in low-income countries. Boulder and Oxford: Westview Press, pp. 43-56.

• Scott, J. (1976) The Moral Economy of the Peasant. Yale University Press, Cambridge, Massachusetts, U.S.A.

• Seibel, H.S. and Shrestha (1988), “Dhikuti: The Small Businessman’s Informal Self-Help Bank in Nepal�E Savings and Development, Vol. 12, No. 2, pp. 183-198.

• Shanmugam, B. 1989. “Development Strategy and Mobilizing Savings Through ROSCAs: The Case of Malaysia.�ESavings and Development 4: 351-366.

• Shipton P, The Rope and the Box: Group Savings in the Gambia, in Adams D W and Fichett D (Ed), Informal Finance in Low-income Countries, Westview Press, Colorado, 1992

• Sidman-Steiner, C. 1983. Les Associations Rotatif: La Banque du Peuple. Ph.D. Thesis, University of Z�Eich.

• Strotz, R.H. (1956) “Myopia and Inconsistency in Dynamic Utility Maximisation,�EReview of Economic Studies 23, 166�E80.

• Tebbutt M, Making Ends Meet, Leister University Press, 1983

• Uchendu, V. 1966. The Igbo of South East Nigeria. New York: Holt, Rinehart and Winston.

• Van der Brink, R. and J-P Chavas (1997), “The Microeconomics of an Indigenous African Institution: the Rotating Savings and Credit Association�E Economic Development and Cultural Change, pp.745-772.

• Vogel, R.C. “Savings Mobization: The Forgotten Half of Rural Finance�E in “Undermining Rural Development with Cheap Credit�E edited by D.W. Adams, D. Graham and J.D. Von Pischke, Westview Press, Boulder, 1984.

• Webb, S. and H. Zia (1989), “The Effect of Demographic Changes on Saving for Life-Cycle Motives in Developing Countries�E World Bank Working Paper No. 229.

• Webster, Leila, and Peter Fidler, 1995. The informal sector and micro-finance institutions in West Africa. Washington: World Bank.

• Whelan TS, The Pawnshop in China, Center for Chinese Studies, The University of Michigan, 1979

• Wong B, A Chinese American Community: Ethnicity and Survival Strategies, Chopmen Enterprises, Singapore, 1979, p 117

• Wu, D.T.H. 1974. “To Kill Three Birds with One Stone: The Rotating Credit Associations of the Papua New Guinea Chinese.�EAmerican Ethnologist 1: 565-583.

• Yang LS, Money and Credit in China: A Short History, Cambridge, MA: Harvard Press, 1952

• Yaron, Jacob, 1992. Successful rural financial institutions. World Bank Discussion Paper No. 150. Washington: World Bank.

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