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A General Equilibrium Analysis of Inflation and Microfinance in Developing Countries
Mueller, Daniel - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2013
microfinance and inflation in developing countries. Therefore, we introduce a moral hazard problem into a monetary search model … to hold money balances. The group lending mechanism of the microfinance institution induces peer monitoring, which in … collapses. We show that inflation affects the impact of microfinance on social welfare in a nonlinear way. The positive effect …
Persistent link: https://www.econbiz.de/10011152763
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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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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/10009772193
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Micro-microcrédit et asymétries d’information : cas du Maroc
Abdelhamid, El Bouhadi; Omar, Essardi - Volkswirtschaftliche Fakultät, … - 2007
In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and...
Persistent link: https://www.econbiz.de/10008490565
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The theory of credit contracts : with a focus on group lending
Prem, Christian - 2020
Persistent link: https://www.econbiz.de/10012157308
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The Theory of Credit Contracts : With a Focus on Group Lending
Prem, Christian - 2020 - 1st ed. 2020.
A structural analysis of credit contract theory -- The treatment of credit contract theory in the literature -- A standardisation of credit contract theory -- Joint liability and its potential to cause adverse selection instead of resolving it -- The perverse effect of joint liability and its...
Persistent link: https://www.econbiz.de/10012399247
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A personal touch : text messaging for loan repayment
Karlan, Dean; Morten, Melanie; Zinman, Jonathan - 2012
borrowers and bank employees can be harnessed to help overcome market failures. -- microcredit ; microfinance ; randomized …
Persistent link: https://www.econbiz.de/10009534143
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Contracting Constraints, Credit Markets and Economic Development
Banerjee, Abhijit V. - 2003
This paper begins by summarizing the micro-evidence on credit markets from a large number of studies from all over the world, with the goal of identifying a number of stylized facts. We argue that, in particular, the evidence strongly suggests that for poor people in developing countries,...
Persistent link: https://www.econbiz.de/10014117591
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Contracting Constraints, Credit Markets and Economic Development
Banerjee, Abhijit V. - 2003
This paper begins by summarizing the micro-evidence on credit markets from a large number of studies from all over the world, with the goal of identifying a number of stylized facts. We argue that, in particular, the evidence strongly suggests that for poor people in developing countries,...
Persistent link: https://www.econbiz.de/10014118309
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Observing unobservables : identifying information asymmetries with a consumer credit field experiment
Karlan, Dean; 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/10011610980