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On the development of rotating credit associations in Japan

Dekle, Robert; Hamada, Koichi

In this paper we will study the development of an important informal financial intermediary in Japan, the rotating savings and credit association (RoSCA) called the Mujin (ko) or the Tanomoshi-ko.

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Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Working Papers, 168
Published Here
February 10, 2011
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