Poor rural and urban households in developing countries face substantial risks, which they
handle with risk‐management and risk‐coping strategies, including self‐insurance through …

A funeral is a costly occasion. This paper studies indigenous insurance institutions
developed to cope with the high costs of funerals, based on evidence from rural areas in …

I present a model that analyzes the coexistence of formal and informal finance in
underdeveloped credit markets. Formal banks have access to unlimited funds but are …

Macroeconomics for Developing Countries presents a comprehensive study of the tools of
macroeconomic analysis with particular emphasis on their application in Developing …

Most African economies are characterized by a financial system that has both formal and
informal segments. Within the two broad segments there are several different types of …

Households in developing countries are exposed to high risks, with important consequences
for their welfare. It has long been acknowledged that shocks, ranging from individual-specific …

Small Enterprise Development Vol. 17 No. 1 March 2006 17 in a forthcoming book in 2006
featuring all 12 in-depth case studies. In the scope of the study we set out to examine …

High quality institutions lower transaction costs, encourage trust, reinforce property rights
and avoid the exclusion of sections of the population. Overcoming institutional bottlenecks …

stefan. dercon@ economics. ox. ac. uk. Les opinions exprimées dans cet article sont celles
de l'auteur. Cependant, un bon nombre des idées présentées dans cet article sont basées …

This paper argues that in view of the resource crunch confronting many developing
countries and the fall in overseas development aid flows to them, new sources of …