Institutional and Procedural Innovation in Savings Mobilization

Journal of the Ghana Institute of Bankers, Vol. 1, No. 1, pp. 6-18, 1985

Posted: 8 Feb 2006

See all articles by Arnaldo Mauri

Arnaldo Mauri

Università Degli Studi di Milano


At the moment when Less Developed Countries (henceforth referred as LDCs) need an increasing larger volume of resources to foster their economic growth, foreign borrowing proves to be more difficult and, on the other hand, generates dependence from lender countries. In the face of these changes in the international scene LDCs authorities have become aware that domestic resources, and expecially household savings, still largely unexploited of under-exploited, are of vital importance in the coming decades. But household savings are to be mobilized. The paper explores, therefore, financial innovations that have proved succesful in promoting household savings mobilization and concentrates on some significant institutional and procedural innovations. It concludes suggesting that models borrowed from other institutional context, however, have to be adapted to legal, cultural and economic domestic conditions of the country where are to be implanted.

Suggested Citation

Mauri, Arnaldo, Institutional and Procedural Innovation in Savings Mobilization. Available at SSRN:

Arnaldo Mauri (Contact Author)

Università Degli Studi di Milano ( email )

Milan, 20122

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