Menu Expand
Money at the Margins

Money at the Margins

Bill Maurer | Smoki Musaraj | Ivan V. Small

(2018)

Additional Information

Book Details

Abstract

Mobile money, e-commerce, cash cards, retail credit cards, and more—as new monetary technologies become increasingly available, the global South has cautiously embraced these mediums as a potential solution to the issue of financial inclusion. How, if at all, do new forms of dematerialized money impact people’s everyday financial lives? In what way do technologies interact with financial repertoires and other socio-cultural institutions? How do these technologies of financial inclusion shape the global politics and geographies of difference and inequality? These questions are at the heart of Money at the Margins, a groundbreaking exploration of the uses and socio-cultural impact of new forms of money and financial services.


Smoki Musaraj is Assistant Professor of Anthropology and Director of Study of the Anthropology Honors Tutorial Program at Ohio University. She has published in various scholarly journals, including Cultural Anthropology, Ethnologie Française, Përpjekja, Anthropology of East Europe Review, and Current Anthropology.


Bill Maurer is Dean of Social Sciences and Professor of Anthropology and Law, University of California, Irvine. He is the Director of the Institute for Money, Technology and Financial Inclusion (IMTFI), and author of How Would You Like to Pay? How Technology is Changing the Future of Money (2015) among many other publications.


“Indispensable reading material for scholars as well as industry specialists interested in payment infrastructures and the questions of money and value, this book entails fruitful applications for classroom use. One can hope that this innovative volume will inspire a similarly creative following that continues to combine empirical and industry-based insights with those of anthropological theory, along with an inclusive platform of diverse collaborators.” • American Ethnologist

“This very important collection adds unique ethnographic case studies from a wide variety of geographic contexts to the growing literature on financial inclusion.” • Anke Schwittay, University of Sussex


Ivan V. Small is Assistant Professor of Anthropology and International Studies at Central Connecticut State University. He is author of Currencies of Imagination: Channeling Money and Chasing Mobility in Vietnam (Cornell University Press, 2018). He has consulted for various think tanks, foundations and nonprofit organizations including the Smithsonian, India China Institute, Ford Foundation, and World Policy Institute.


Table of Contents

Section Title Page Action Price
Money at the Margins i
Title Page iii
Contents v
Illustrations vii
Acknowledgments ix
Introduction: Money and Finance at the Margins 1
Part I — In/Exclusion: The Question of Inclusion 19
Chapter 1 — A Living Fence: Financial Inclusion and Exclusion on the Haiti–Dominican Republic Border 23
Chapter 2 — Capital Mobilization among the Somali Refugee Business Community in Nairobi, Kenya 44
Chapter 3 — The Use of Mobile-Money Technology among Vulnerable Populations in Kenya: Opportunities and Challenges for Poverty Reduction 66
Part II — Value and Wealth: What do Value and Wealth Do? \"Life Goes On, Whatever \"Life\" Is 87
Chapter 4 — Dhukuti Economies: The Moral and Social Ecologies of Rotating Finance in the Kathmandu Valley 91
Chapter 5 — Chiastic Currency Spheres: Postsocialist \"Conversions\" in Cuba's Dual Economy 108
Chapter 6 — Carola and Saraswathi: Juggling Wealth in India and in Mexico 128
Part III — Technology and Social Relations: Infrastructures of Digital Money 151
Chapter 7 — \"Financial Inclusion Means Your Money Isn't with You\": Conflicts over Social Grants and Financial Services in South Africa 155
Chapter 8 — Social Networks of Mobile Money in Kenya 179
Chapter 9 — Accounting in the Margin: Financial Ecologies in between Big and Small Data 200
Part IV — Design and Practice 221
Chapter 10 — Understanding Social Relations and Payments among Rural Ethiopians 225
Chapter 11 — Delivering Cash Grants to Indigenous Peoples through Cash Cards versus Over-the-Counter Modalities: The Case of the 4Ps Conditional Cash Transfer Program in Palawan, Philippines 247
Chapter 12 — Effects of Mobile Banking on the Savings Practices of Low-Income Users: The Indian Experience 266
Chapter 13 — Betting on Chance in Colombia: Using Empirical Evidence on Game Networks to Develop Practical Design Guidelines 287
Afterword — Monetary Ingenuity: Drink It In 305
Index 310