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Microborrowers may take usurious loans to repay a loan taken from a microfinance institution because of having neglected the time inconsistency of optimal plans or having discounted future payoffs too strongly from the ex-post perspective. Microfinance programs should strive at preventing such...
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The paper is devoted to analysis of problem of influence of Confucianism on investment activity. We considered in … detail the negative impact of the ethical aspects of Confucianism on China's investment activity based on the following seven … absence of the rule of law. Investment activity is based not on the economical rules and norms of law, but on moral and …
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