グローバル下の地域金融 : 東アジアにおけるマイクロファイナンスと債券市場

概要

論文の詳細を見る
Reflecting the Asian currency crisis, the East Asian countries, including Japan, the economy of the region is attempting to build the strong fund channel by consolidating bond markets. On the other hand, there exists an agricultural society whose access even to commercial banks is difficult. Nevertheless, as seen in the success of Grameen Banks, and the Asian and Pacific Regional Agricultural Credit Association (APRCA), the fund channel based on market mechanism has been shaped through the intervention of NGOs, self-help financial groups, and public and private financial institutions. It seems possible that the financial system in the region has developed from microfinance into a market-oriented indirect finance system, which includes the trade of government bond, local bond and investment trusts. The purpose of this paper is to consider a new type of fund channel which can adjust to households' needs by citizen's participation.
2005-12-14