Maloney, David; Hong, Sung-Chul; Nag, Barin - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-29
Economic disruptions can alter the likelihood of defaults on peer-to-peer loans, causing those impacted to adjust. The option to declare economic hardship and temporarily reduce the payment burden can provide some relief. When this occurs, the borrower's financial qualifications have changed....