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Credit access and borrowing costs in Poland's agricultural credit market: a hedonic pricing approach
Petrick, Martin; Latruffe, Laure - 2003
The paper empirically investigates credit access and borrowing costs in Poland's rural financial market. We conduct an econometric analysis based on cross-sectional survey data including formal loans taken in the period 1997-1999. A hedonic regression of the effective interest rate, comprising...
Persistent link: https://www.econbiz.de/10010299404
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Elasticities of demand for consumer credit
Karlan, Dean S.; Zinman, Jonathan - 2005
present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance …
Persistent link: https://www.econbiz.de/10010274421
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10010369211
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What's Psychology Worth? A Field Experiment in the Consumer Credit Market
Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2005
Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...
Persistent link: https://www.econbiz.de/10010369232
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Farm investment, credit rationing, and public credit policy in Poland: a microeconometric analysis
Petrick, Martin - 2002
The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross-sectional sample of Polish farm household data....
Persistent link: https://www.econbiz.de/10010299431
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Rural Finance and Developments in Philippine Rural Financial Markets: Issues and Policy Research Challenges
Llanto, Gilberto M. - 2004
The shift to a market-oriented credit and financial policy was expected to spur rural financing by the private sector that would help usher growth in the agriculture and rural areas. However, the rural areas have continued to suffer from the lack of access to financial services of banks. Despite...
Persistent link: https://www.econbiz.de/10011429732
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Credit Unions as Channels of Micro-Credit Lines: The Philippine Case
Lamberte, Mario B. - 1995
One of the important weapons the government has used to alleviate poverty is its credit policy aimed to mitigate destitution among small farm households. However, its intended recipients have not properly received the effort. Convinced that credit availability can be sustained to achieve poverty...
Persistent link: https://www.econbiz.de/10011935764
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Good Intentions Pave the Way to ... the Local Moneylender
Arnold, Lutz G.; Booker, Benedikt - 2012
. Microfinance programs should strive at preventing such consequences of bounded rationality. …
Persistent link: https://www.econbiz.de/10010294724
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A General Equilibrium Analysis of Inflation and Microfinance in Developing Countries
Müller, Daniel - 2013
This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …
Persistent link: https://www.econbiz.de/10011390685
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Effect of Microfinance on Vulnerability, Poverty and Risk in Low Income Households
Bali Swain, Ranjula; Floro, Maria - 2007
is currently the largest and fastest growing microfinance program in the developing world, has been aggressively promoted …
Persistent link: https://www.econbiz.de/10010321600