Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field … experiment and follow-up survey to measure impacts of a credit expansion for microentrepreneurs in Manila. The effects are …

Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are … moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about …

The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We …

Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field … experiment and follow-up survey to measure impacts of a credit expansion for microentrepreneurs in Manila. The effects are …

importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We … specific credit market frictions. We find evidence of moral hazard and weaker evidence for adverse selection. A rough … explain the prevalence of credit constraints even in a market that specializes in financing high-risk borrowers at very high …

Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are … moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about …

The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We …

importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We … generates unique evidence on the existence and magnitudes of specific credit market failures. We find evidence of both adverse … asymmetric information problems. This helps explain the prevalence of credit constraints even in a market that specializes in …

Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field … experiment and follow-up survey to measure impacts of a credit expansion for microentrepreneurs in Manila. The effects are …

importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We … generates unique evidence on the existence and magnitudes of specific credit market failures. We find evidence of both adverse … asymmetric information problems. This helps explain the prevalence of credit constraints even in a market that specializes in …