THE ECONOMICS OF SAVINGS GROUPS
研究了储蓄团体内部资金供需可能失衡的理论，并用乌干达46个储蓄团体的周度数据证实多数团体贷款资金不足，最后提出三项缓解信贷配给、改善成员福利的干预措施。
Abstract Millions of households worldwide rely on savings groups (SGs) to satisfy their financial needs, yet important gaps remain in our understanding of this novel financial institution. We show theoretically that, within an SG, the supply of funds could fall short or be in excess of its demand. Then, we use week‐by‐week records from 46 Ugandan SGs to show that most groups do not generate sufficient loanable funds. We conclude by proposing three interventions that, in light of our model, should ease credit rationing and improve the welfare of SG members: requiring SG members to publicly state their savings and borrowing goals, encouraging early savings, and linking SGs with formal financial institutions.