Von Pischke, J.D.

Finance at the frontier : debt capacity and the role of credit in the private economy. / J.D. Von Pischke, - Washington: World Bank, 1991. - xi, 429 p.: ill.; 25cm.

Includes index.

Contents: Finance and financial markets: Financial markets create value -- Value generates risk -- Characteristics of finance -- The Conventional assult on the frontier: Credit needs and related allocation criteria -- Common strategic flaws in efforts to channel credit to the frontier -- Policy and practice that reduce value at the frontier -- Signs of poor fits at the frontier -- Structural, considerations in frontier development : Value for the people : informal finance -- Creating value at the frontier through innovation -- Creation value at the frontier in market niches : the grand synthesis -- A Sustaintable strategy for frontier development : Lending strategies and development leverage -- Defining the role of credit by determining debt capacity -- Principles for responsive intervention at the frontier -- Measuring the results of efforts to expand the frontier -- Annexes: A: The Repayment index -- B: Algebraic treatment of the repayment index.

0821318187


Finance . -- Developing countries.
Economic development.
Credit -- Developing countries.

HG195.V66