Leite, Rodrigo de Oliveira; Mendes, Layla dos Santos; … - In: International Journal of Financial Studies : open … 10 (2022) 4, pp. 1-10
evaluates community currency lending. We show, using an adverse selection model, the importance of the role of motivated … financial institutions in the effectiveness of community currency loans for small entrepreneurs. If those institutions are … of subsidies in this sector, which act as catalysts by increasing the likelihood that community currency loans will be …