Using data from the Philippines, this article seeks to understand how households in the study area apparently manage to avoid falling into a debt trap in spite of frequent borrowing. Findings suggest that this is achieved via three institutional features. First, most informal debt carries no...

This paper examines the formation of risk sharing networks in the rural Philippines. We find that geographic proximity–possibly correlated with kinship–is a major determinant of mutual insurance links among villagers. Age and wealth differences also play an important role. In contrast,...

Cet article analyse l’influence des élections sur les politiques économiques et la gouvernance dans les pays en développement. Nous distinguons un effet structurel des élections – via la responsabilité politique – d’un effet cyclique potentiellement perturbateur. Puisque ces deux...