between private social networks, use of informal credit, and household consumption. Instrumental variable regressions indicate … development in China, as it has in countries with higher levels of private sector development …

Using a new and representative data set of Chinese household finance, this paper documents household access to and … household finance, and wealth tends to be associated with better access to formal and informal finance. Better financial … positively associated with access to informal finance. Controlling for household characteristics, rural residents pay interest …

between private social networks, use of informal credit, and household consumption. Instrumental variable regressions indicate … development in China, as it has in countries with higher levels of private sector development …

Using a new and representative data set of Chinese household finance, this paper documents household access to and … household finance, and wealth tends to be associated with better access to formal and informal finance. Better financial … positively associated with access to informal finance. Controlling for household characteristics, rural residents pay interest …

household characteristics and regional fixed effects, households facing credit constraints are associated with 2.3 percentage …