MICROFINANCE INSTITUTIONS AND ECONOMIC DEVELOPMENT Evidence from Developing Countries
Lincolin Arsyad(1*)
(1) Universitas Gadjah Mada
(*) Corresponding Author
Abstract
Tulisan ini membahas sifat dan arti penting lembaga keuangan mikro (LKM) dalam pembangunan ekonomi. Bukti-bukti dari beberapa negara sedang berkembang (NSB) menunjukkan bahwa LKM telah berkembang tidak hanya sebagai lembaga keuangan per se tetapi juga sebagai alat pembangunan (development tools) di dalam mengentaskan kemiskinan. Lebih dari itu, bukti-bukti juga menunjukkan pula bahwa LKM selain berperan penting sebagai lembaga perantara keuangan (financial intermediaries) yang mampu meningkatkan proses pendalaman sistem keuangan (financial deepening) juga mempunyai dampak yang positif terhadap peningkatan pendapatan masyarakat miskin, menciptakan lapangan kerja, dan meningkatkan tabungan masyarakat.
Keywords
Full Text:
PDFReferences
Adams, Dale W. 1978. "Mobilizing House-hold Savings through Rural Financial Markets". Economic Development and Cultural Change 26(3): 547-60.
Adams, Dale W. and Delbert A. Fitchett, editors. 1992. Informal Finance in Low-Income Countries. Boulder, CO.: Westview Press.
Bennett, Lynn. 1998. "Combining social and financial intermediation to reach the poor: the necessity and dangers". In Kimenyi, Mwangi S., Robert C. Wieland, and J.D. Von Pischke, editors, Strategic Issues in Microfinance. Aldershot, England: Ashgate.
Biggs, Tyler S. 1991. "Heterogenous Firms and Efficient Financial Intermediation in Taiwan". In Roemer, Michael and Christine Jones, editors, Markets in Developing Countries: Parallel, Fragmented, and Black. San Diego, CA: ICS Press.
Bolnick, Bruce R. 1988. "Evaluating Loan Collection Performance: An Indonesia Example". World Development 16 (4): 501-10.
Buckley, Graeme. 1996a. "Financing the Jua Kali Sector in Kenya: the KREP Juhudi Scheme and Kenya Industrial Estates Informal Sector Programme". In Hulme, David and Paul Mosley, editors. Finance Against Poverty, Volume II. London: Roudledge.
Buckley, Graeme. 1996b. "Rural and Agricultural Credit in Malawi: A Study of the Malawi Fund and the Smallholder
Agricultural Credit Administration". In Hulme, David and Paul Mosley, editors, Finance Against Poverty Volume 2. London: Routledge.
Chaves, Rodrigo A and Claudio Gonzales-Vega. 1995. "The Design of Successful Rural Financial Intermediaries: Evidence from Indonesia". World Development 24 (1): 65-78.
Cole, David C. and Yung C. Park. 1983. Financial Development in Korea, 1945-1978. Cambridge, MA: Harvard Univer-sity Press.
Cole, David C. and Betty F. Slade. 1996. Building a Modern Financial System: The Indonesian Experience. Cambridge: Cambridge University Press.
Conroy, John D. 2000. Indonesia.In ADB, editor, The Role of Central Banks in Microfinance in Asia and the Pacific: Countries studies. Manila: Asian Development Bank.
Elser, Laura, Alfred Hannig, and Sylvia Wisniwski. 1999. Comparative Analysis of Savings Mobilization Strategies. Eschborn: Consultative Group to Assist the Poorest (CGAP).
Fry, Maxwell J. 1995. Money, Interest, and banking in Economic Development. Second edition ed. Baltimore, Md: The Johns Hopkins University Press.
Garson, Jose. 1996. Microfinance and Anti-Poverty Strategies: A donor perspective. New York: UNCDF.
Germidis, Dimitri, Denis Kessler, and Rachel Meghir. 1991. Financial Systems and Development: What Role for the Formal and Informal Financial Sectors? Paris: Development Centre of the OECD.
Ghate, Prabhu. 1988. "Informal Credit Markets in Asian Developing Countries". Asian Development Review 6 (1): 64-85.
Ghate, Prabhu. 1992b. Informal Finance: Some Findings from Asia. Oxford: Oxford Universty Press.
Ghate, Prabhu. 1992a. "Interaction Between the Formal and Informal Financial Sectors: The Asian Experience". World Development 20 (6): 859-72.
Goldsmith, Raymond W. 1969. Financial Structure and Development. New Haven: Yale University Press.
Gurley, John G. and Edward S. Shaw. 1955. "Financial Aspects of Economic Development". American Economic Review 45 (4): 515-38.
Hoff, Karla, Avishay Braverman, and Joseph E. Stiglitz, editors. 1993. The Economics of Rural Organization: Theory, Practice, and Policy. New York: Oxford University Press.
Hulme, David, Richard Montgomery, and Debapriya Bhattacharya. 1996. "Mutual Finance and the Poor: A Study of the Federation of Thrift and Credit Cooperatives (SANASA)". In Sri Lanka. In Hulme, David and Paul Mosley, editors, Finance Against Poverty, Volume 2. London: Routledge.
Hulme, David and Paul Mosley. 1996a. Finance Against Poverty, Volume 1. London: Routledge.
Izumida, Yoichi. 1992. "The Kou in Japan: A Precursor of Modern Finance". In Adams, Dale W. and Delbert A. Fitchett, editors, Informal Finance in Low-Income Countries. Boulder, Colorado: Westview Press.
Kan, K. 2000. "Informal capital sources and household investment: evidence from Taiwan". Journal of Development Economics 62: 209-32.
Khandker, S. R., Hussain A. Samad, and Zahed H. Khan. 1998. "Income and Employment Effects of Micro-credit Programmes: Village-level Evidence from Bangladesh". The Journal of Development Studies 35 (2): 96-124.
Khandker, Shahidur R. 1998. Fighting Poverty with Microcredit: Experience in Bang-ladesh. Oxford: Oxford University Press.
Khandker, Shahidur R. 1996. "Grameen Bank: Impact, Costs, and Program Sustaina-bility". Asian Development Review 14 (1): 97-130.
Lapenu, Cecile. 2001. "Indonesia's Rural Financial System". Discussion/Technical Papers. Washington, D.C.: The World Bank.
Ledgerwood, Joanna. 1999. Microfinance Handbook: An Institutional and Financial Perspective. Washington, D.C.: The World Bank.
Long, Millard. 1983. "A Note on Financial Theory and Economic Development". In Von Pischke, J. D., Dale W. Adams, and Gordon Donald, editors, Rural Financial Markets in Developing Countries: Their Use and Abuse. Baltimore, MD.: The Johns Hopkins University Press.
McGuire, Paul B., John D. Conroy, and Ganesh B. Thapa. 1998. Getting the Framework Right: Policy and Regulation for Microfinance. Brisbane: Foundation for Development Cooperation.
McKinnon, Ronald I. 1973. Money and Capital in Economic Development. Washington, D.C.: The Brookings Institution.
Meagher, Patrick. 2002. Microfinance Regulation in Developing Countries: A Comparative Review of Current Practice. Mimeo. College Park: IRIS Center, University of Maryland.
Morduch, Jonathan. 1999. "The Microfinance Promise". Journal of Economic Literature 37 (December): 1569-614.
Morduch, Jonathan. 2000. "The Microfinance Schism". World Development 28 (4): 617-29.
Mosley, Paul. 1996a. "Indonesia: BKK, KURK, and the BRI unit desa institutions". In Hulme, David and Paul Mosley, editors, Finance Against Poverty, Volume 2. London: Routledge.
Mosley, Paul. 1996c. "Metamorphosis from NGO to Commercial Bank: The case of BancoSol in Bolivia". In Hulme, David and Paul Mosley, editors, Finance Against Poverty, Volume 2. London: Routledge.
Onchan, Tongroj. 1992. "Informal Rural Finance in Thailand". In Adams, Dale W. and Delbert A. Fitchett, editors, Informal Finance in Low-Income Countries. Boulder, Colorado: Westview Press.
Pischke, J.D. Von. 1991. Finance at the Frontier: Debt Capacity and the Role of Credit in the Private Economy. Washington, D.C.: The World Bank, Economic Development Institute.
Pitt, Mark M. and Shahidur R. Khandker. 1996. "Household and Intrahousehold Impact of the Grameen Bank and Similar Targeted Credit Programs in Bangladesh". World Bank Discussion Paper 320. Washington, D.C.: The World Bank.
Ravicz, R.M. 1998. "Searching for Sustainable Microfinance: A Review of Five Indonesia Initiatives". Policy Research Working Papers No. 1878. Washington, D.C.: The World Bank.
Rhyne, E. 1998. "The Yin and Yang of Microfinance: Reaching the Poor and Sustainability". MicroBanking Bulletin 2: 6-8.
Riedinger, Jeffrey M. 1994. "Innovation in Rural Finance: Indonesia's Badan Kredit Kecamatan Program". World Develop-ment 22 (3): 301-13.
Robinson, Marguerite S. 1995. "Indonesia: The Role of Savings in Developing Sustainable Commercial Financing of Small and Micro Enterprises". In Brugger, Ernst A. and Sarath Rajapatirana, editors, New Perspectives on Financing Small Business in Developing Countries. San Fransisco: ICS Press.
Robinson, Marguerite S. 2001. The Micro-finance Revolution: Sustainable Finance for the Poor. Washington, D.C.: The World Bank.
Robinson, Marguerite S. 1994. "Savings Mobilization and Microenterprise Finance: The Indonesian Experience". In Otero, M and E Rhyne, editors, The New World of Microenterprise Finance. Connecticut: Kumarian Press.
Robinson, Marguerite. S. 1998. "Micro-finance: the paradigm shift from credit delivery to sustainable financial intermediation". In Kimenyi, Mwangi S., Robert C. Wieland, and J.D. Von Pischke, editors, Strategic Issues in Microfinance. Aldershot, England: Ashgate.
Rutherford, Stuart. 1998. "The Savings of the Poor: Improving Financial Services in Bangladesh". Journal of International Development 10 (1): 1-15.
Sanderatne, Nimal. 1992. "Informal Finance in Sri Lanka". In Adams, Dale W. and Delbert A. Fitchett, editors, Informal Finance in Low-Income Countries. Boulder, CO.: Westview Press.
Schumpeter, Joseph A. 1912. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Cambridge, MA: Harvard University Press.
Sebstad, Jennifer and Gregory Chen. 1996. "Overview of Studies in the Impact of Microenterprise Credit". Management Systems International. Washington, D.C.
Shaw, Edward S. 1973. Financial Deepening in Economic Development. New York: Oxford University Press.
Siamwalla, Ammar, Chirmsak Pinthong, Nipon Poapongsakorn, Ploenpit Satsanguan, Prayong Nettayarak, Wanrak Mingmaneenakin, and Yuavares Tubpun. 1993. "The Thai Rural Credit System: Public Subsidies, Private Information, and Segmented`Markets". In Hoff, Karla, Avishay Braverman, and Joseph E. Stiglitz, editors, The Economics of Rural Organization. Washington, D.C.: The World Bank.
Snow, Douglas. 1999. "Microcredit: An Institutional Development Opportunity". International Journal of Economic Development 1 (1): 65-79.
Tang, Shui-Yan. 1995. "Informal Credit Markets and Economic Development in Taiwan". World Development 23 (5): 845-55.
Udry, Christopher. 1993. "Credit Markets in Northern Nigeria: Credit as Insurance in a Rural Economy". In Hoff, Karla, Avishay Braverman, and Joseph E. Stiglitz, editors, The Economics of Rural Organization. Washington, D.C.: The World Bank.
Webster, Leila, Randall Riopelle, and Anne-Marie Chidzero. 1996. "World Bank Lending for Small Enterprises, 1989-1993". World Bank Technical Paper 311. Washington, D.C.
Woller, Gary M., Christopher Dunford, and Warner Woodworth. 1999. "Where to Microfinance?". International Journal of Economic Development 1 (1): 29-64.
Yaron, Yacob. 1994. "What makes rural finance institutions successful?". The World Bank Research Observer 9 (1): 49-70.
Article Metrics
Abstract views : 2563 | views : 1789Refbacks
- There are currently no refbacks.
Copyright (c) 2006 Journal of Indonesian Economy and Business
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Journal of Indonesian Economy and Business |
The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License |
© 2019 Journal of Indonesian Economy and Business | Visitor Statistics |