lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …

towards local elites. Unlike targeting cash transfers to the poor, the optimal targeting of credit is a more complex problem … program, the Thai Million Baht Credit Fund, which decentralizes the allocation of loans to an elected group of community …-experimental variation in the rollout of the program and uncover evidence that, in general equilibrium, informal credit markets compensate …