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institutional features. First, most informal debt carries no interest. Second, for all debts, repayment is postponed in case of a …
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institutional features. First, most informal debt carries no interest. Second, for all debts, repayment is postponed in case of a …
Persistent link: https://www.econbiz.de/10011071952
Interpersonal relationships have long been suspected of shaping agrarian institutions, probably because weak formal … institutions must be supplemented by interpersonal trust. This is particularly true for informal risk sharing, a fundamental risk …
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Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest in the business or consume the capital. The authors randomly gave cash and in-kind grants to male-...
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